Is Church Hill, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Church Hill is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Church Hill, MD

How much do homes in Church Hill, MD cost?

Median Sold Price

$505,395

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$63,316(+14.3%)

Key Takeaway

Homes in Church Hill have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Church Hill was $505,395 in September 2024, up 14.3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$225K
N/A
2 $532.5K$227.5K
-57.3%
3 $300K$473.7K
+57.9%
4 $446K$520.8K
+16.8%
5+ $685K$614.6K
-10.3%

Summary: Church Hill 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 57.3%, 3 bedroom homes increased by 57.9%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 10.3%.

Housing Supply in Church Hill, MD

How many homes are available in Church Hill, MD?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2729+7.4%

Summary: The Church Hill real estate market had 29 homes for sale in September 2024, a 7.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1313
0.0%
4 1113
+18.2%
5+ 00
0.0%

Summary: The Church Hill 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 remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Church Hill, 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 Church Hill in September 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Church Hill, MD

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

Average Sale Time

Sep 2023Sep 2024CHANGE
75 Days29 Days-61.1%

Summary: Homes in Church Hill had an average of 29 days on market in Sep 2024, down by 61.1% compared to last year.

Breakdown of Home Sale Times

5 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 Church Hill are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 8 homes were sold in Church Hill; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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