Is Chestertown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chestertown has remained a Seller's Market.
Key Takeaway
Chestertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chestertown, MD
How much do homes in Chestertown, MD cost?
Median Sold Price
$329,995
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chestertown have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Chestertown was $329,995 in April 2024, down 0.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $322.5K | $257.4K | -20.2% |
| 3 Bedrooms | $310K | $314.9K | +1.6% |
| 4 Bedrooms | $415K | $344.7K | -16.9% |
| 5+ Bedrooms | $394.9K | $362.5K | -8.2% |
Summary: Chestertown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in Chestertown, MD
How many homes are available in Chestertown, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 70 | +14.8% |
Summary: The Chestertown real estate market had 70 homes for sale in April 2024, a 14.8% increase 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 | 12 | 17 | +41.7% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Chestertown 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 increased by 41.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestertown, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Chestertown in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Chestertown, MD
How long does it take to sell a home in Chestertown, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 46 Days | -3.9% |
Summary: Homes in Chestertown had an average of 46 days on market in Apr 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestertown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Chestertown; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
