Is Chestertown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
At the same time last year, Chestertown was a Seller's Market.
Key Takeaway
Chestertown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Chestertown, MD cost?
Median Sold Price
$346,250
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$86,250(+33.2%)
Key Takeaway
Homes in Chestertown have sold for 33.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $178K | - | N/A |
| 2 Bedrooms | $245.5K | $325K | +32.4% |
| 3 Bedrooms | $235K | $300K | +27.7% |
| 4 Bedrooms | $359K | $392.5K | +9.3% |
| 5+ Bedrooms | $359.5K | $437K | +21.6% |
How many homes are available in Chestertown, MD?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 17 | 24 | +41.2% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chestertown, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 36 Days | 6 Days | -81.5% |
Breakdown of Home Sale Times
3 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 Chestertown are selling fast, if you're buying plan to act quickly.
