Is Cheverly, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$468,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
-$31,998(-6.4%)
Key Takeaway
Homes in Cheverly have sold for 6.4% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $410K | $277.5K | -32.3% |
| 3 Bedrooms | $475K | $450K | -5.3% |
| 4 Bedrooms | $543K | $510K | -6.1% |
| 5+ Bedrooms | $551K | $535.9K | -2.7% |
How many homes are available in Cheverly, MD?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 34 | 33 | -2.9% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
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 2022 | May 2023 | % |
|---|---|---|
| 13 Days | 28 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
Key Takeaway
Many homes in Cheverly are selling fast, if you're buying plan to act quickly.
