Is Charles Village, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Charles Village was a Seller's Market.
Key Takeaway
Charles Village is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Charles Village, MD
How much do homes in Charles Village, MD cost?
Median Sold Price
$325,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charles Village have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Charles Village was $325,000 in April 2024, up 10.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106K | $117.5K | +10.8% |
| 2 Bedrooms | $151K | $173.5K | +14.9% |
| 3 Bedrooms | $273.5K | $325K | +18.8% |
| 4 Bedrooms | $422.5K | $422.5K | 0.0% |
| 5+ Bedrooms | $357K | $350K | -2.0% |
Summary: Charles Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 18.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Harwood | $212.5K | $235K | +10.6% |
| Charles Village | $295K | $325K | +10.2% |
Housing Supply in Charles Village, MD
How many homes are available in Charles Village, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Charles Village real estate market had 14 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Charles Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charles Village, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Charles Village in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Charles Village, MD
How long does it take to sell a home in Charles Village, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 3 Days | -93.9% |
Summary: Homes in Charles Village had an average of 3 days on market in Apr 2024, down by 93.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charles Village are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Charles Village; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
