$5,166 Closing Credit*
$435,000
962 SqFt
2 Beds
•2 Full Baths
Patrice Marierose, Listing Office: Keller Williams Flagship of Maryland
Is Cheverly, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Cheverly was a Neutral Market.
Key Takeaway
Cheverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheverly, MD
How much do homes in Cheverly, MD cost?
Median Sold Price
$505,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$39,000(+8.4%)
Key Takeaway
Homes in Cheverly have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Cheverly was $505,000 in September 2024, up 8.4% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $310K | -6.1% |
| 3 Bedrooms | $450K | $492.5K | +9.4% |
| 4 Bedrooms | $515K | $563K | +9.3% |
| 5+ Bedrooms | $500K | $597.5K | +19.5% |
Summary: Cheverly housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Cheverly | $466K | $505K | +8.4% |
| Bladensburg | $265K | $266K | 0.4% |
Housing Supply in Cheverly, MD
How many homes are available in Cheverly, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Cheverly real estate market had 20 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Cheverly housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cheverly, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cheverly in September 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Cheverly, MD
How long does it take to sell a home in Cheverly, MD?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 5 Days | 41 Days | +720.0% |
Summary: Homes in Cheverly had an average of 41 days on market in Sep 2024, up by 720% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cheverly are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Cheverly; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
