Is Port Tobacco, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Port Tobacco was a Seller's Market.
Key Takeaway
Port Tobacco is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Tobacco, MD
How much do homes in Port Tobacco, MD cost?
Median Sold Price
$479,644
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Port Tobacco have sold for 13.6% less than they did a year ago.
Summary: The median home sold price in Port Tobacco was $479,644 in April 2024, down 13.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $369.9K | $385.9K | +4.3% |
| 4 Bedrooms | $562.4K | $592.5K | +5.3% |
| 5+ Bedrooms | $622.5K | $600K | -3.6% |
Summary: Port Tobacco housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Welcome | $425K | $592.5K | +39.4% |
| La Plata | $422.4K | $465K | +10.1% |
| Port Tobacco | $555K | $479.6K | -13.6% |
Housing Supply in Port Tobacco, MD
How many homes are available in Port Tobacco, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Summary: The Port Tobacco real estate market had 10 homes for sale in April 2024, a 150.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Port Tobacco housing inventory by bedroom type for April 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 100%, 4 bedroom homes increased by 400%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Tobacco, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Port Tobacco in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Port Tobacco, MD
How long does it take to sell a home in Port Tobacco, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 1 Day | -72.4% |
Summary: Homes in Port Tobacco had an average of 1 days on market in Apr 2024, down by 72.4% 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 Tobacco are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Port Tobacco; 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.
