$344 Closing Credit*
$29,000
1,304 SqFt
Theresa M Jackson, Listing Office: Compass Realty, Inc.
Is Port Deposit, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Port Deposit has remained a Seller's 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
$331,600
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$38,850(-10.5%)
Key Takeaway
Homes in Port Deposit have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in Port Deposit was $331,600 in November 2024, down 10.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $35K | N/A |
| 2 Bedrooms | $275K | $260K | -5.5% |
| 3 Bedrooms | $352.5K | $315K | -10.6% |
| 4 Bedrooms | $499.6K | $437.5K | -12.4% |
| 5+ Bedrooms | $625K | $675K | +8.0% |
Summary: Port Deposit housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 8%.
Housing Supply in Port Deposit, MD
How many homes are available in Port Deposit, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Summary: The Port Deposit real estate market had 14 homes for sale in November 2024, a 30.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Port Deposit housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Port Deposit in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 24 Days | +302.8% |
Summary: Homes in Port Deposit had an average of 24 days on market in Nov 2024, up by 302.8% compared to last year.
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 November 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.
