$3,325 Closing Credit*
$279,999
1,456 SqFt
3 Beds
•2 Full Baths
Pamela Rollins-Butler, Listing Office: CENTURY 21 New Millennium
Is Port Republic, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Port Republic has remained a Buyer's Market.
Key Takeaway
Port Republic is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Republic, MD
How much do homes in Port Republic, MD cost?
Median Sold Price
$470,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$15,000(-3.1%)
Key Takeaway
Homes in Port Republic have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Port Republic was $470,000 in September 2024, down 3.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $258.5K | $201.5K | -22.1% |
| 3 Bedrooms | $362.5K | $399.5K | +10.2% |
| 4 Bedrooms | $517.4K | $512K | -1.1% |
| 5+ Bedrooms | $612.5K | $619K | +1.1% |
Summary: Port Republic housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Port Republic, MD
How many homes are available in Port Republic, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Port Republic real estate market had 8 homes for sale in September 2024, a 14.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Port Republic housing inventory by bedroom type for September 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 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Republic, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Port Republic in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 77 Days | 5 Days | -93.5% |
Summary: Homes in Port Republic had an average of 5 days on market in Sep 2024, down by 93.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Republic are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Port Republic; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
