Is Church Hill, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Church Hill is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Church Hill has remained a Seller's Market.

Key Takeaway

Church Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Church Hill, MD

How much do homes in Church Hill, MD cost?

Median Sold Price

$513,290

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,300(+11.3%)

Key Takeaway

Homes in Church Hill have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Church Hill was $513,290 in October 2024, up 11.3% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$225K
N/A
2 $532.5K$230K
-56.8%
3 $338.9K$472.5K
+39.4%
4 $481K$521.7K
+8.5%
5+ $685K$614.6K
-10.3%

Summary: Church Hill 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 56.8%, 3 bedroom homes increased by 39.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 10.3%.

Housing Supply in Church Hill, MD

How many homes are available in Church Hill, MD?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3532-8.6%

Summary: The Church Hill real estate market had 32 homes for sale in October 2024, a 8.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1213
+8.3%
4 2017
-15.0%
5+ 00
0.0%

Summary: The Church Hill 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 decreased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Church Hill, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Church Hill in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Church Hill, MD

How long does it take to sell a home in Church Hill, MD?

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days6 Days-40.5%

Summary: Homes in Church Hill had an average of 6 days on market in Oct 2024, down by 40.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Church Hill are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Church Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Church Hill, MD

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