Is Village of Chesapeake Harbor, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Village of Chesapeake Harbor was a Neutral Market.
Key Takeaway
Village of Chesapeake Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Village of Chesapeake Harbor, MD
How much do homes in Village of Chesapeake Harbor, MD cost?
Median Sold Price
$675,000
$399/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Village of Chesapeake Harbor have sold for 11.2% more than they did a month ago.
Summary: The median home sold price in Village of Chesapeake Harbor was $675,000 in April 2024, up 11.2% from last month, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $607K | $649.5K | +7.0% |
| 3 Bedrooms | - | $675K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Village of Chesapeake Harbor housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Annapolis Roads | $459K | $740K | +61.2% |
| Village of Chesapeake Harbor | $607K | $675K | +11.2% |
Housing Supply in Village of Chesapeake Harbor, MD
How many homes are available in Village of Chesapeake Harbor, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Village of Chesapeake Harbor real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Village of Chesapeake Harbor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Village of Chesapeake Harbor, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Village of Chesapeake Harbor in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Village of Chesapeake Harbor, MD
How long does it take to sell a home in Village of Chesapeake Harbor, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 11 Days | -75.1% |
Summary: Homes in Village of Chesapeake Harbor had an average of 11 days on market in Apr 2024, down by 75.1% compared to last month.
Breakdown of Home Sale Times
3 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 Village of Chesapeake Harbor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Village of Chesapeake Harbor; 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.
