Is Charlotte Hall, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Charlotte Hall was a Seller's Market.
Key Takeaway
Charlotte Hall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Charlotte Hall, MD
How much do homes in Charlotte Hall, MD cost?
Median Sold Price
$525,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Charlotte Hall have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in Charlotte Hall was $525,000 in April 2024, up 22.7% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $275K | N/A |
| 3 Bedrooms | $323.9K | $402.5K | +24.3% |
| 4 Bedrooms | $527K | $587.4K | +11.5% |
| 5+ Bedrooms | $430.5K | $701.5K | +63.0% |
Summary: Charlotte Hall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 63%.
Median Sold Price Compared To Nearby Cities
| Charlotte Hall | $427.7K | $525K | +22.7% |
| Newburg | $390K | $422K | +8.2% |
| Mechanicsville | $376K | $387K | +2.9% |
Housing Supply in Charlotte Hall, MD
How many homes are available in Charlotte Hall, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Charlotte Hall real estate market had 18 homes for sale in April 2024, a 12.5% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Charlotte Hall 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 decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte Hall, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Charlotte Hall in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Charlotte Hall, MD
How long does it take to sell a home in Charlotte Hall, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 88 Days | 253 Days | +185.9% |
Summary: Homes in Charlotte Hall had an average of 253 days on market in Apr 2024, up by 185.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte Hall are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Charlotte Hall; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
