Is Chillum, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chillum was a Seller's Market.
Housing Prices in Chillum, MD
How much do homes in Chillum, MD cost?
Median Sold Price
$466,740
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chillum was $466,740 in May 2024, up 16.7% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $97.2K | +8.1% |
2 Bedrooms | $141K | $435K | +208.5% |
3 Bedrooms | $416.3K | $490K | +17.7% |
4 Bedrooms | $425K | $480K | +12.9% |
5+ Bedrooms | $392.5K | $477.4K | +21.6% |
Summary: Chillum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 208.5%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 21.6%.
Housing Supply in Chillum, MD
How many homes are available in Chillum, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 49 | +19.5% |
Summary: The Chillum real estate market had 49 homes for sale in May 2024, a 19.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Chillum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Chillum in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Chillum, MD
How long does it take to sell a home in Chillum, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 63 Days | +26.9% |
Summary: Homes in Chillum had an average of 63 days on market in May 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Chillum; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.