$5,581 Closing Credit*
$470,000
2,056 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jennifer L Anderson, Listing Office: EXIT By the Bay Realty
Is Port Republic, 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 Republic has remained a Seller's Market.
Key Takeaway
Port Republic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Republic, MD
How much do homes in Port Republic, MD cost?
Median Sold Price
$482,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-1.5%)
Key Takeaway
Homes in Port Republic have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Port Republic was $482,500 in November 2024, down 1.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $100K | -70.4% |
| 2 Bedrooms | $225K | $250K | +11.1% |
| 3 Bedrooms | $352.5K | $375.5K | +6.5% |
| 4 Bedrooms | $587.5K | $500K | -14.9% |
| 5+ Bedrooms | $620K | $619K | -0.2% |
Summary: Port Republic housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in Port Republic, MD
How many homes are available in Port Republic, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Port Republic real estate market had 7 homes for sale in November 2024, a 16.7% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Port Republic 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 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 Republic, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Port Republic in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Port Republic, MD
How long does it take to sell a home in Port Republic, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 77 Days | +433.3% |
Summary: Homes in Port Republic had an average of 77 days on market in Nov 2024, up by 433.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Port Republic are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Port Republic; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
