$533 Closing Credit*
$44,900
5 Beds
•1 Full Bath
Pamela A Terry, Listing Office: EXP Realty, LLC
Is Westernport, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Westernport was a Seller's Market.
Key Takeaway
Westernport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Westernport, MD
How much do homes in Westernport, MD cost?
Median Sold Price
$99,950
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,200(+61.9%)
Key Takeaway
Homes in Westernport have sold for 61.9% more than they did a year ago.
Summary: The median home sold price in Westernport was $99,950 in October 2024, up 61.9% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $19.5K | $69K | +253.8% |
| 2 Bedrooms | $79.9K | $39K | -51.2% |
| 3 Bedrooms | $99.9K | $99.9K | 0.1% |
| 4 Bedrooms | $37.5K | $125K | +233.3% |
| 5+ Bedrooms | $35.5K | $172K | +384.5% |
Summary: Westernport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 253.8%, 2 bedroom homes decreased by 51.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 233.3%, and 5+ bedroom homes increased by 384.5%.
Housing Supply in Westernport, MD
How many homes are available in Westernport, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Westernport real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Westernport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westernport, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Westernport in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 259 Days | +1249.0% |
Summary: Homes in Westernport had an average of 259 days on market in Oct 2024, up by 1249% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westernport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Westernport; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
