$7,718 Closing Credit*
$649,900
2,324 SqFt
4 Beds
•2 Full Baths, 1 Partial
Bill Franklin, Listing Office: Long & Foster Real Estate, Inc.
Is Chesapeake Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chesapeake Beach has remained a Seller's Market.
Key Takeaway
Chesapeake Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesapeake Beach, MD
How much do homes in Chesapeake Beach, MD cost?
Median Sold Price
$436,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,500(+2.7%)
Key Takeaway
Homes in Chesapeake Beach have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Chesapeake Beach was $436,500 in November 2024, up 2.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.4K | - | N/A |
| 2 Bedrooms | $325K | $339K | +4.3% |
| 3 Bedrooms | $372.5K | $399K | +7.1% |
| 4 Bedrooms | $579K | $480K | -17.1% |
| 5+ Bedrooms | $672K | $693K | +3.1% |
Summary: Chesapeake Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| North Beach | $415K | $450K | +8.4% |
| North Beach | $410.5K | $442.5K | +7.8% |
| Chesapeake Beach | $425K | $436.5K | +2.7% |
| Sunderland | $600K | $579.5K | -3.4% |
Housing Supply in Chesapeake Beach, MD
How many homes are available in Chesapeake Beach, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 44 | +12.8% |
Summary: The Chesapeake Beach real estate market had 44 homes for sale in November 2024, a 12.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Chesapeake Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesapeake Beach, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Chesapeake Beach in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Chesapeake Beach, MD
How long does it take to sell a home in Chesapeake Beach, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 40 Days | +276.5% |
Summary: Homes in Chesapeake Beach had an average of 40 days on market in Nov 2024, up by 276.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chesapeake Beach has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Chesapeake Beach; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
