$8,902 Closing Credit*
$749,611
1,990 SqFt
3 Beds
•2 Full Baths, 1 Partial
Greg Beckman, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Chesapeake Beach, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$1,500(+0.3%)
Key Takeaway
The sold price of homes in Chesapeake Beach has remained the same since last year.
Summary: The median home sold price in Chesapeake Beach was $436,500 in December 2024, up 0.3% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.4K | - | N/A |
| 2 Bedrooms | $325K | $339K | +4.3% |
| 3 Bedrooms | $375K | $399K | +6.4% |
| 4 Bedrooms | $565K | $467.5K | -17.3% |
| 5+ Bedrooms | $659.5K | $696K | +5.5% |
Summary: Chesapeake Beach housing prices by bedroom type for December 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 6.4%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| North Beach | $410.5K | $450K | +9.6% |
| North Beach | $415K | $450K | +8.4% |
| Chesapeake Beach | $435K | $436.5K | 0.3% |
Housing Supply in Chesapeake Beach, MD
How many homes are available in Chesapeake Beach, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 42 | 39 | -7.1% |
Summary: The Chesapeake Beach real estate market had 39 homes for sale in December 2024, a 7.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Chesapeake Beach housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesapeake Beach, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Chesapeake Beach in December 2024, up by 33.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 50% were sold at asking, and 42% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | +2.4% |
Summary: Homes in Chesapeake Beach had an average of 34 days on market in Dec 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chesapeake Beach are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in Chesapeake Beach; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
