$1,170 Closing Credit*
$98,500
740 SqFt
1 Bed
•1 Full Bath
Annemarie Stephens, Listing Office: Coldwell Banker Realty - Washington
Is Chillum, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Chillum was a Seller's Market.
Key Takeaway
Chillum is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chillum, MD
How much do homes in Chillum, MD cost?
Median Sold Price
$449,950
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,950(+2.3%)
Key Takeaway
Homes in Chillum have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Chillum was $449,950 in November 2024, up 2.3% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.2K | $95K | -2.3% |
| 2 Bedrooms | $350K | $385K | +10.0% |
| 3 Bedrooms | $475K | $420K | -11.6% |
| 4 Bedrooms | $440K | $515K | +17.0% |
| 5+ Bedrooms | $415K | $495K | +19.3% |
Summary: Chillum housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 19.3%.
Housing Supply in Chillum, MD
How many homes are available in Chillum, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 57 | +18.8% |
Summary: The Chillum real estate market had 57 homes for sale in November 2024, a 18.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Chillum housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chillum, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Chillum in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Chillum, MD
How long does it take to sell a home in Chillum, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 21 Days | -36.8% |
Summary: Homes in Chillum had an average of 21 days on market in Nov 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chillum are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Chillum; 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.
