$50,000
0.28 Acres
Land
John Quick, Listing Office: EXP Realty, LLC
Is Chesapeake City, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Chesapeake City has remained a Seller's Market.
Key Takeaway
Chesapeake City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chesapeake City, MD
How much do homes in Chesapeake City, MD cost?
Median Sold Price
$579,000
$450/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$9,000(+1.6%)
Key Takeaway
Homes in Chesapeake City have sold for 1.6% more than they did a month ago.
Summary: The median home sold price in Chesapeake City was $579,000 in October 2024, up 1.6% from last month, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $730K | $1.1M | +59.5% |
| 3 Bedrooms | $570K | $139.5K | -75.5% |
| 4 Bedrooms | $489K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Chesapeake City housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.5%, 3 bedroom homes decreased by 75.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Chesapeake City, MD
How many homes are available in Chesapeake City, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Chesapeake City real estate market had 11 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Chesapeake City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chesapeake City, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Chesapeake City in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Chesapeake City, MD
How long does it take to sell a home in Chesapeake City, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 24 Days | +80.0% |
Summary: Homes in Chesapeake City had an average of 24 days on market in Oct 2024, up by 80% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chesapeake City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Chesapeake City; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
