Foreclosure Homes in Cheverly, MD 20784

Current Market Conditions in Cheverly, MD

Currently, the Cheverly real estate market is experiencing a surge in demand, with a steady increase in home values due to its desirable location near Washington, D.C. The area is attracting first-time homebuyers and families looking for a suburban lifestyle with easy access to the city amenities.

As of late 2023, the inventory of available homes is tight, resulting in competitive bidding situations for well-maintained properties. Many homes are selling above the asking price, indicating a strong seller's market. Furthermore, there are indications that the demand will continue to grow as more people seek to relocate to suburban areas.

The real estate trends suggest that new developments are also becoming more popular as the community aims to meet the demand for modern housing options within the established neighborhoods.

Rent Prices In Cheverly, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cheverly, MD, is on a rollercoaster ride. The average rent price in Cheverly, MD, is $2,143.00. Indeed, when looking to rent in Cheverly, MD, you can expect to pay as little as $1,390.00 or as much as $3,160.00, with the average rent median estimated to be $2,110.00. The good news is that finding an affordable and desirable property to rent in Cheverly, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.