Is Chestertown, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chestertown is a buyer'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

# BEDSDec 2021Dec 2022%
1 $178K-
N/A
2 $245.5K$325K
+32.4%
3 $235K$300K
+27.7%
4 $359K$392.5K
+9.3%
5+ $359.5K$437K
+21.6%

How many homes are available in Chestertown, MD?

Number of Homes For Sale

Nov 2022Dec 2022%
1724+41.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 03
+100.0%
3 811
+37.5%
4 67
+16.7%
5+ 33
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
36 Days6 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chestertown 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 Chestertown, MD

Homes for sale in Chestertown, MD have reached 24. In December 2022 in Chestertown, MD there were 41.2% more homes for sale than in November 2022. Listings spent 6 days on the market in December 2022, and had a median list price of $346,250 during the same period. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 32.4%, 3 bedrooms properties prices increased by 27.7%, prices of 4 bedrooms properties increased by 9.3%, 5 bedrooms properties prices increased by 21.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 100%, the quantity of 3 bedrooms homes went up by 37.5%, 4 bedrooms homes inventory increased by 16.7%, the quantity of 5 bedrooms homes have not changed. While more than 1 listings in Chestertown, MD in December 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.