Is Charlotte Hall, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Charlotte Hall has remained a Buyer'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.
Housing Prices in Charlotte Hall, MD
How much do homes in Charlotte Hall, MD cost?
Median Sold Price
$510,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Charlotte Hall have sold for 19.2% more than they did a year ago.
Summary: The median home sold price in Charlotte Hall was $510,000 in March 2024, up 19.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $214.6K | $275K | +28.1% |
| 3 Bedrooms | $350.1K | $390K | +11.4% |
| 4 Bedrooms | $539K | $585K | +8.5% |
| 5+ Bedrooms | $420.2K | $701.5K | +66.9% |
Summary: Charlotte Hall 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 28.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 66.9%.
Median Sold Price Compared To Nearby Cities
| Charlotte Hall | $427.7K | $510K | +19.2% |
| Mechanicsville | $373.5K | $390K | +4.4% |
| Newburg | $378.2K | $340K | -10.1% |
Housing Supply in Charlotte Hall, MD
How many homes are available in Charlotte Hall, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The Charlotte Hall real estate market had 35 homes for sale in March 2024, a 5.4% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Charlotte Hall 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 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte Hall, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Charlotte Hall in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Charlotte Hall, MD
How long does it take to sell a home in Charlotte Hall, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 12 Days | -62.1% |
Summary: Homes in Charlotte Hall had an average of 12 days on market in Mar 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte Hall are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Charlotte Hall; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
