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

Housing Market Conditions



Gauge showing Cheverly is a seller's market


Difference Since May 2022

Since last year, Cheverly has remained a Seller's Market.

Key Takeaway

Cheverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cheverly, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Cheverly have sold for 6.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
2 $410K$277.5K
3 $475K$450K
4 $543K$510K
5+ $551K$535.9K

How many homes are available in Cheverly, MD?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 22
3 1315
4 1512
5+ 44

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheverly, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

How long does it take to sell a home in Cheverly, MD?

How long does it take to sell a home in Cheverly, MD?

Average Sale Time

May 2022May 2023%
13 Days28 Days+109.5%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cheverly 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 Cheverly, MD

Cheverly, MD has 33 homes for sale to choose from. In May 2023 in Cheverly, MD there were 2.9% less homes for sale than in April 2023. In May 2023, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $468,000. Real estate listing prices changed between April 2023 and May 2023: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 32.3% more cheaper, 3 bedrooms properties prices decreased by 5.3%, 4 bedrooms properties prices decreased by 6.1%, prices of 5 bedrooms properties went down by 2.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 15.4%, 4 bedrooms homes became 20% less available, 5 bedrooms homes inventory did not change. In May 2023 more than 8 listings in Cheverly, MD were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 1 were sold below.