Is Chillum, 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, Chillum has remained a Seller's Market.
Key Takeaway
Chillum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chillum, MD
How much do homes in Chillum, MD cost?
Median Sold Price
$460,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chillum have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in Chillum was $460,000 in April 2024, up 17.2% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.2K | $97K | -4.2% |
| 2 Bedrooms | $135K | $435K | +222.2% |
| 3 Bedrooms | $410K | $484.6K | +18.2% |
| 4 Bedrooms | $415K | $477.5K | +15.1% |
| 5+ Bedrooms | $387.5K | $473.4K | +22.2% |
Summary: Chillum housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 222.2%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in Chillum, MD
How many homes are available in Chillum, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 41 | -18.0% |
Summary: The Chillum real estate market had 41 homes for sale in April 2024, a 18.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Chillum housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 8 | -61.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chillum, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Chillum in April 2024, down by 61.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Chillum, MD
How long does it take to sell a home in Chillum, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 16 Days | -56.6% |
Summary: Homes in Chillum had an average of 16 days on market in Apr 2024, down by 56.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chillum are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Chillum; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
