Is Charlestown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Charlestown was a Seller's Market.
Key Takeaway
Charlestown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Charlestown, MD
How much do homes in Charlestown, MD cost?
Median Sold Price
$377,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Charlestown have sold for 21.4% less than they did a year ago.
Summary: The median home sold price in Charlestown was $377,500 in March 2024, down 21.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $212.4K | N/A |
| 2 Bedrooms | $200K | $268.5K | +34.3% |
| 3 Bedrooms | $399.9K | $310K | -22.5% |
| 4 Bedrooms | $475K | $550K | +15.8% |
| 5+ Bedrooms | $692.1K | $629.9K | -9.0% |
Summary: Charlestown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.3%, 3 bedroom homes decreased by 22.5%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 9%.
Housing Supply in Charlestown, MD
How many homes are available in Charlestown, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Charlestown real estate market had 16 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Charlestown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Charlestown, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Charlestown in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Charlestown, MD
How long does it take to sell a home in Charlestown, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 48 Days | +357.1% |
Summary: Homes in Charlestown had an average of 48 days on market in Mar 2024, up by 357.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Charlestown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Charlestown; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
