Is Port Deposit, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Port Deposit was a Seller's Market.
Key Takeaway
Port Deposit 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 Port Deposit, MD
How much do homes in Port Deposit, MD cost?
Median Sold Price
$374,000
$181/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Port Deposit have sold for 30.1% less than they did a month ago.
Summary: The median home sold price in Port Deposit was $374,000 in May 2024, down 30.1% from last month, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $278K | N/A |
| 3 Bedrooms | $448K | $470K | +4.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $832.5K | - | N/A |
Summary: Port Deposit housing prices by bedroom type for May 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 4.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Port Deposit, MD
How many homes are available in Port Deposit, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Port Deposit real estate market had 12 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Port Deposit housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 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 Port Deposit, 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 Port Deposit in May 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 Port Deposit, MD
How long does it take to sell a home in Port Deposit, MD?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 26 Days | -38.7% |
Summary: Homes in Port Deposit had an average of 26 days on market in May 2024, down by 38.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 May 2024, 2 homes were sold in Port Deposit; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
