Is Cheverly, 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, Cheverly was a Seller's Market.
Housing Prices in Cheverly, MD
How much do homes in Cheverly, MD cost?
Median Sold Price
$505,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cheverly was $505,000 in April 2024, up 8.6% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $277.5K | $419.9K | +51.3% |
3 Bedrooms | $450K | $480K | +6.7% |
4 Bedrooms | $515K | $530K | +2.9% |
5+ Bedrooms | $503.7K | $534.4K | +6.1% |
Summary: Cheverly 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 increased by 51.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Cheverly | $465K | $505K | +8.6% |
Bladensburg | $275.9K | $265K | -4.0% |
Housing Supply in Cheverly, MD
How many homes are available in Cheverly, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 20 | +66.7% |
Summary: The Cheverly real estate market had 20 homes for sale in April 2024, a 66.7% 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 | 2 | +100.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Cheverly 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 increased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Cheverly in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Cheverly, MD
How long does it take to sell a home in Cheverly, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 6 Days | -77.8% |
Summary: Homes in Cheverly had an average of 6 days on market in Apr 2024, down by 77.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Cheverly; 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.