$6,472 Closing Credit*
$545,000
1,600 SqFt
3 Beds
•2 Full Baths, 2 Partial
Alex Justin McCracken, Listing Office: EXP Realty, LLC
Is Cheverly, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Cheverly was a Seller's Market.
Key Takeaway
Cheverly 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 Cheverly, MD
How much do homes in Cheverly, MD cost?
Median Sold Price
$507,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$32,500(+6.8%)
Key Takeaway
Homes in Cheverly have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Cheverly was $507,500 in December 2024, up 6.8% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $374.9K | $305K | -18.7% |
| 3 Bedrooms | $450K | $485K | +7.8% |
| 4 Bedrooms | $510K | $605K | +18.6% |
| 5+ Bedrooms | $535.9K | $600K | +12.0% |
Summary: Cheverly 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 decreased by 18.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| Cheverly | $475K | $507.5K | +6.8% |
| Bladensburg | $269K | $280.5K | +4.3% |
Housing Supply in Cheverly, MD
How many homes are available in Cheverly, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Cheverly real estate market had 19 homes for sale in December 2024, a 5.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cheverly 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cheverly in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 16 Days | 35 Days | +122.9% |
Summary: Homes in Cheverly had an average of 35 days on market in Dec 2024, up by 122.9% compared to last year.
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 Cheverly are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Cheverly; 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.
