$7,113 Closing Credit¹
#MDPG2142394, Chad F Morton, Listing Office: Jason Mitchell Group
Cheverly Housing Market Report February 2025•Prince George's County, Maryland
Housing Prices in Cheverly, MD
How much do homes in Cheverly, MD cost?
Housing Market Conditions
Is Cheverly, MD a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cheverly is a Seller's Market
Difference Since February 2024
Since last year, Cheverly has remained a Seller's Market.
Insight
Cheverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$522,000$279/SqFt
+$44,500
+9.3%
Based on all homes sold in the last 12 months
Insight
Homes in Cheverly have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Cheverly was $522,000 in February 2025, up 9.3% from last year, and the median price per square foot was $279.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $359.9K | $367.5K | +2.1% |
| 33 Bedrooms | $470K | $500K | +6.4% |
| 44 Bedrooms | $510K | $595K | +16.7% |
| 55+ Bedrooms | $535.9K | $540K | +0.8% |
Summary: Cheverly housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes increased by +6.4%. The home price for 4 bedroom homes increased by +16.7%. The home price for 5 bedroom homes increased by +0.8%.
Housing supply in Cheverly, MD
How many homes are available in Cheverly, MD?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 21Last MonthFeb 2025 | ||
| 212 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Summary: The Cheverly real estate market had 21 homes for sale in Feb 2025, the same as Jan 2025
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthFeb 2025 | ||
| 52 months agoJan 2025 | -20.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 33 Bedrooms | 4 | 6 | +50.0% |
| 44 Bedrooms | 11 | 10 | -9.1% |
| 22 Bedrooms | 2 | 0 | -100.0% |
| 55+ Bedrooms | 4 | 5 | +25.0% |
Summary: Cheverly housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 2 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes increased by +25.0%.
Asking Price vs. Sold Price
How much do homes in Cheverly, MD cost?
Over Asking Price2 Homes
At Asking Price2 Homes
Under Asking Price0 Home
Insight
If you're buying a home in Cheverly, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Cheverly in February 2025, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.
Days on Market for Cheverly, MD
How long does it take to sell a home in Cheverly, MD?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Many homes in Cheverly are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 4 homes were sold in Cheverly; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 67 DaysThis YearFeb 2025 | ||
| 38 Days1 year agoFeb 2024 | +73.3 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Cheverly had an average listing age of 67 days in Feb 2025, up by 73.3% compared to the previous year.
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Newest Listings in Cheverly, MD
What homes are available in Cheverly, MD?
$8,074 Closing Credit¹
#MDPG2142178, Fidelis O Fatusin, Listing Office: Samson Properties
$7,066 Closing Credit¹
#MDPG2141368, Xiomara Y Abarca, Listing Office: United Real Estate
$6,508 Closing Credit¹
#MDPG2141072, Robert A Donnelly, Listing Office: Taylor Properties
Coming soon
$5,344 Closing Credit¹
#MDPG2141042, Amandeus Watkins, Listing Office: Keller Williams Preferred Properties
Backup offers
$6,233 Closing Credit¹
#MDPG2131440, Ryan Butler, Listing Office: Keller Williams Capital Properties
$5,818 Closing Credit¹
#MDPG2137724, Jaime Magne, Listing Office: Samson Properties
3D tour
$6,401 Closing Credit¹
#MDPG2136556, Leslie M Fitzpatrick, Listing Office: Grand Elm
$7,707 Closing Credit¹
#MDPG2135402, Jose L Guzman, Listing Office: United Real Estate
$10,000 Closing Credit¹
#MDPG2134542, Jamie Michelle Richardson, Listing Office: Coldwell Banker Realty
$5,344 Closing Credit¹
#MDPG2132034, Margaret M. Babbington, Listing Office: Compass
$6,294 Closing Credit¹
#MDPG2132384, Qin H Zheng, Listing Office: Fairfax Realty Select
Nearby markets
Nearby markets aren't available for Cheverly, MD
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 03/01/2023 - 03/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/8/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.