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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Churchton is a seller's market

Buyer's
Market

Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Churchton, MD

How much do homes in Churchton, MD cost?

Median Sold Price

$388,106

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$29,394(-7.0%)

Key Takeaway

Homes in Churchton have sold for 7% less than they did a year ago.

Summary: The median home sold price in Churchton was $388,106 in November 2023, down 7% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $535K$298K
-44.3%
2 $325K$173K
-46.8%
3 $360K$368.2K
+2.3%
4 $449.9K$439K
-2.4%
5+ $550K$858K
+56.0%

Summary: Churchton housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes decreased by 46.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 56%.

Median Sold Price Compared To Nearby Cities

West River
-5.9%
Churchton
-7.0%

Housing Supply in Churchton, MD

How many homes are available in Churchton, MD?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1216+33.3%

Summary: The Churchton real estate market had 16 homes for sale in November 2023, a 33.3% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 01
+100.0%
2 00
0.0%
3 57
+40.0%
4 67
+16.7%
5+ 11
0.0%

Summary: The Churchton housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Churchton, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Churchton in November 2023, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Churchton, MD

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

Average Sale Time

Nov 2022Nov 2023CHANGE
15 Days18 Days+19.6%

Summary: Homes in Churchton had an average of 18 days on market in Nov 2023, up by 19.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Churchton are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 3 homes were sold in Churchton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in Churchton, MD

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