$3,266 Closing Credit*
$275,000
2,042 SqFt
3 Beds
•2 Full Baths
Norman P Wehner, Listing Office: Real-Trust-Associates, LLC.
Is Port Deposit, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Port Deposit was a Neutral Market.
Key Takeaway
Port Deposit is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Deposit, MD
How much do homes in Port Deposit, MD cost?
Median Sold Price
$320,000
$238/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$157,500(-33.0%)
Key Takeaway
Homes in Port Deposit have sold for 33% less than they did a month ago.
Summary: The median home sold price in Port Deposit was $320,000 in October 2024, down 33% from last month, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $208.5K | N/A |
| 3 Bedrooms | - | $340K | N/A |
| 4 Bedrooms | $477.5K | $330K | -30.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Port Deposit housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 30.9%, and 5+ bedroom homes did not change.
Housing Supply in Port Deposit, MD
How many homes are available in Port Deposit, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Summary: The Port Deposit real estate market had 16 homes for sale in October 2024, a 30.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 9 | 3 | -66.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Port Deposit housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Deposit, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Port Deposit in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Port Deposit, MD
How long does it take to sell a home in Port Deposit, MD?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +37.0% |
Summary: Homes in Port Deposit had an average of 18 days on market in Oct 2024, up by 37% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Deposit are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Port Deposit; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
