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Featured local agent — Cheverly, MD
Sarah Mitchell
Compass Real Estate · Cheverly, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cheverly, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$545,000median sale price
How is the Cheverly, MD housing market right now?
The median home sale price in Cheverly, MD is $545,000, up 16.0% year-over-year. Homes sell in an average of 31 days with 8 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cheverly a buyer's or seller's market?
Cheverly, MD is currently a seller's market, based on 0.9 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
31
Average pace
Active listings
8
0.9 months supply
Sale-to-list
99.0%
Below asking
What does the Cheverly housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $545,000 |
| Median list price | $499,900 |
| Year-over-year price change | +16.0% |
| Average days on market | 31 days |
| Active inventory | 8 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 99.0% |
| Median price per sq ft | $249/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 7 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cheverly by property type?
How the Cheverly, MD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $545,000 | $249/sq ft | 9 | 31 days |
Source: Redfin · Updated monthly
The Cheverly housing market is currently classified as a seller's market with a median sale price of $545,000. Prices have risen 16.0% compared to last year, with homes spending an average of 31 days on market, indicating 0.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Cheverly
There are currently 8 homes listed for sale in Cheverly, Maryland. The median listing price is $500K.
Active listings
8
Homes on market
Median list price
$500K
Avg. days on market
31
Days until sale
New this week
7
Newly listed
Who lives in Cheverly?
Population
6,107
Median income
$117,633/yr
Median age
38.2 years
Owner-occupied
74.2%
College grads
51.3%
Avg commute
31.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Cheverly?
Zillow home value
$473,541
Zillow rent index
$1,830/mo
Price-to-rent ratio
21.6x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Cheverly?
Cheverly is a community of approximately 6K residents with a median age of 38.2 years.The median household income is $117,633, which reflects a relatively affluent area with strong earning potential. 51.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Cheverly offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cheverly?
1 schools tracked · 497 students
The largest public schools serving Cheverly, MD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gladys Noon Spellman Elementary
Grades PK-6 · 497 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cheverly, MD?
Want a head-to-head view? Compare Cheverly side-by-side with any other U.S. city using our market-comparison tool.
Is Cheverly a good real estate investment market?
For investors evaluating Cheverly, the price-to-rent ratio of 21.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 16.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cheverly's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cheverly's median home price.
Frequently asked questions
What is the average home price in Cheverly?
The median home sale price in Cheverly is $545,000, up 16.0% from last year.
How long do homes stay on market in Cheverly?
Homes typically spend 31 days on market before going under contract.
What is the median income in Cheverly?
The median household income is $117,633 per year.
Is Cheverly a buyer's or seller's market?
With 0.9 months of supply, Cheverly is currently a seller's market.
What is the Zillow home value estimate for Cheverly?
The Zillow Home Value Index (ZHVI) for Cheverly is $473,541, representing the typical home value in the area.
How much does a single-family home cost in Cheverly?
The median single-family home price in Cheverly, MD is $545,000 (about $249 per square foot).
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