$4,144 Closing Credit*
$349,000
1,811 SqFt
3 Beds
•2 Full Baths
Isaac Bahary, Listing Office: KW Empower
Is Chestertown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chestertown was a Seller's Market.
Key Takeaway
Chestertown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chestertown, MD
How much do homes in Chestertown, MD cost?
Median Sold Price
$350,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,005(+4.8%)
Key Takeaway
Homes in Chestertown have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Chestertown was $350,000 in October 2024, up 4.8% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $297.5K | $260K | -12.6% |
| 3 Bedrooms | $325K | $324.5K | -0.2% |
| 4 Bedrooms | $350K | $435K | +24.3% |
| 5+ Bedrooms | $355K | $485K | +36.6% |
Summary: Chestertown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.6%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 36.6%.
Housing Supply in Chestertown, MD
How many homes are available in Chestertown, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 91 | +9.6% |
Summary: The Chestertown real estate market had 91 homes for sale in October 2024, a 9.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 51 | 57 | +11.8% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Chestertown 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 remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestertown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Chestertown in October 2024, down by 17.6% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Chestertown, MD
How long does it take to sell a home in Chestertown, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 69 Days | +126.7% |
Summary: Homes in Chestertown had an average of 69 days on market in Oct 2024, up by 126.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestertown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Chestertown; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
