Is Churchton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Churchton has remained a Seller's Market.
Key Takeaway
Churchton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Churchton, MD
How much do homes in Churchton, MD cost?
Median Sold Price
$422,500
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Churchton have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Churchton was $422,500 in May 2024, up 17.4% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $298K | -44.3% |
| 2 Bedrooms | $173K | $325K | +87.9% |
| 3 Bedrooms | $345K | $400K | +15.9% |
| 4 Bedrooms | $415K | $498.5K | +20.1% |
| 5+ Bedrooms | $525K | $626.5K | +19.3% |
Summary: Churchton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes increased by 87.9%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 19.3%.
Housing Supply in Churchton, MD
How many homes are available in Churchton, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Summary: The Churchton real estate market had 17 homes for sale in May 2024, a 41.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Churchton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Churchton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Churchton in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Churchton, MD
How long does it take to sell a home in Churchton, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | -3.1% |
Summary: Homes in Churchton had an average of 10 days on market in May 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
5 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 Churchton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Churchton; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
