Is Westernport, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westernport is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Westernport was a Neutral Market.

Key Takeaway

Westernport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Westernport, MD

How much do homes in Westernport, MD cost?

Median Sold Price

$81,200

$61/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$40,775(-33.4%)

Key Takeaway

Homes in Westernport have sold for 33.4% less than they did a month ago.

Summary: The median home sold price in Westernport was $81,200 in November 2024, down 33.4% from last month, and the median price per square foot was $61.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$81.2K
N/A
3 $121.9K$195K
+59.9%
4 --
N/A
5+ -$60K
N/A

Summary: Westernport housing prices by bedroom type for November 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 increased by 59.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Westernport, MD

How many homes are available in Westernport, MD?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The Westernport real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 64
-33.3%
4 44
0.0%
5+ 23
+50.0%

Summary: The Westernport 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 increased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westernport, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Westernport in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Westernport, MD

How long does it take to sell a home in Westernport, MD?

Average Sale Time

Oct 2024Nov 2024CHANGE
259 Days24 Days-90.5%

Summary: Homes in Westernport had an average of 24 days on market in Nov 2024, down by 90.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westernport are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Westernport; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Westernport, MD

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