$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 November 2023
Since last year, Chestertown has remained a Seller's Market.
Key Takeaway
Chestertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chestertown, MD
How much do homes in Chestertown, MD cost?
Median Sold Price
$357,250
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,200(+7.9%)
Key Takeaway
Homes in Chestertown have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Chestertown was $357,250 in November 2024, up 7.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $262.5K | -11.0% |
| 3 Bedrooms | $320K | $337.3K | +5.4% |
| 4 Bedrooms | $367.5K | $440K | +19.7% |
| 5+ Bedrooms | $345K | $525K | +52.2% |
Summary: Chestertown 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 decreased by 11%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 52.2%.
Housing Supply in Chestertown, MD
How many homes are available in Chestertown, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 83 | 83 | 0.0% |
Summary: The Chestertown real estate market had 83 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 7 | -41.7% |
| 3 Bedrooms | 53 | 58 | +9.4% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Chestertown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestertown, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Chestertown in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 38 Days | -28.0% |
Summary: Homes in Chestertown had an average of 38 days on market in Nov 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 19 homes were sold in Chestertown; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
