Is Charlotte Hall, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charlotte Hall is a buyer's market

Buyer's
Market

Difference Since February 2022

At the same time last year, Charlotte Hall was a Seller's Market.

Key Takeaway

Charlotte Hall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Charlotte Hall, MD cost?

Median Sold Price

$427,750

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

-$2,250(-0.5%)

Key Takeaway

Homes in Charlotte Hall have sold for 0.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
N/A
2 -$214.6K
N/A
3 $389K$375K
-3.6%
4 $430K$515K
+19.8%
5+ $610K$441K
-27.7%

Median Sold Price Compared To Nearby Cities

Newburg
+3.2%
Mechanicsville
+2.8%
Charlotte Hall
-0.5%

How many homes are available in Charlotte Hall, MD?

Number of Homes For Sale

Jan 2023Feb 2023%
2625-3.8%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 00
0.0%
3 88
0.0%
4 1111
0.0%
5+ 76
-14.3%

Number of Homes Sold

Jan 2023Feb 2023%
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charlotte Hall, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
8 Days52 Days+532.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Charlotte Hall are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Charlotte Hall, MD

Charlotte Hall, MD has 25 homes on the market. The number of listings in Charlotte Hall, MD decreased by 3.8% between January 2023 and February 2023. In February 2023, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $427,750. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 0%, 3 bedrooms properties became 3.6% more cheaper, prices of 4 bedrooms properties went up by 19.8%, prices of 5 bedrooms properties decreased by 27.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory did not change, 4 bedrooms homes did not move, 5 bedrooms homes inventory decreased by 14.3%. In February 2023, from all listings sold in Charlotte Hall, MD there were more than 0 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price.

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