$7,481 Closing Credit*
$630,000
3,596 SqFt
4 Beds
•3 Full Baths, 1 Partial
Susan Pruden, Listing Office: CENTURY 21 New Millennium
Is Cheverly, 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, Cheverly has remained a Seller's Market.
Key Takeaway
Cheverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheverly, MD
How much do homes in Cheverly, MD cost?
Median Sold Price
$512,500
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+10.2%)
Key Takeaway
Homes in Cheverly have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Cheverly was $512,500 in November 2024, up 10.2% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $374.9K | $305K | -18.7% |
| 3 Bedrooms | $450K | $500K | +11.1% |
| 4 Bedrooms | $510K | $585K | +14.7% |
| 5+ Bedrooms | $522.9K | $595K | +13.8% |
Summary: Cheverly 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 18.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
| Bladensburg | $265K | $310K | +17.0% |
| Cheverly | $465K | $512.5K | +10.2% |
Housing Supply in Cheverly, MD
How many homes are available in Cheverly, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Cheverly real estate market had 22 homes for sale in November 2024, a 22.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Cheverly 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheverly, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cheverly in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Cheverly, MD
How long does it take to sell a home in Cheverly, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +56.0% |
Summary: Homes in Cheverly had an average of 35 days on market in Nov 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
3 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 Cheverly are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Cheverly; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
