Is Pocomoke City, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pocomoke City was a Seller's Market.
Housing Prices in Pocomoke City, MD
How much do homes in Pocomoke City, MD cost?
Median Sold Price
$234,995
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pocomoke City was $234,995 in May 2024, up 12% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $50K | N/A |
2 Bedrooms | $106.5K | $170K | +59.6% |
3 Bedrooms | $210K | $230K | +9.5% |
4 Bedrooms | $333.4K | $302.4K | -9.3% |
5+ Bedrooms | - | $387.5K | N/A |
Summary: Pocomoke City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes did not change.
Housing Supply in Pocomoke City, MD
How many homes are available in Pocomoke City, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 53 | +17.8% |
Summary: The Pocomoke City real estate market had 53 homes for sale in May 2024, a 17.8% increase 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 | 6 | 7 | +16.7% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Pocomoke City 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 increased by 16.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Pocomoke City in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Pocomoke City, MD
How long does it take to sell a home in Pocomoke City, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 28 Days | -37.5% |
Summary: Homes in Pocomoke City had an average of 28 days on market in May 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Pocomoke City; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.