Is Port Wentworth, GA 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, Port Wentworth has remained a Seller's Market.
Housing Prices in Port Wentworth, GA
How much do homes in Port Wentworth, GA cost?
Median Sold Price
$296,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Port Wentworth was $296,000 in May 2024, up 5.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $169.9K | $170K | 0.1% |
3 Bedrooms | $264.5K | $285.5K | +7.9% |
4 Bedrooms | $324.9K | $329.9K | +1.5% |
5+ Bedrooms | $343K | $460.3K | +34.2% |
Summary: Port Wentworth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
Savannah | $323.1K | $354.9K | +9.8% |
Port Wentworth | $279.6K | $296K | +5.9% |
Housing Supply in Port Wentworth, GA
How many homes are available in Port Wentworth, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 56 | +33.3% |
Summary: The Port Wentworth real estate market had 56 homes for sale in May 2024, a 33.3% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Port Wentworth 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 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Port Wentworth in May 2024, up by 200.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Port Wentworth, GA
How long does it take to sell a home in Port Wentworth, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 65 Days | +2083.3% |
Summary: Homes in Port Wentworth had an average of 65 days on market in May 2024, up by 2083.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Port Wentworth; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.