Is Williamsport, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Williamsport has remained a Buyer's Market.
Key Takeaway
Williamsport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Williamsport, MD
How much do homes in Williamsport, MD cost?
Median Sold Price
$335,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Williamsport have sold for 25.9% more than they did a year ago.
Summary: The median home sold price in Williamsport was $335,000 in May 2024, up 25.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106K | $127.5K | +20.3% |
| 2 Bedrooms | $160K | $210K | +31.3% |
| 3 Bedrooms | $280K | $330K | +17.9% |
| 4 Bedrooms | $300K | $406K | +35.3% |
| 5+ Bedrooms | - | $579.4K | N/A |
Summary: Williamsport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes did not change.
Housing Supply in Williamsport, MD
How many homes are available in Williamsport, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Williamsport real estate market had 31 homes for sale in May 2024, a 3.1% 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 | 12 | 12 | 0.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Williamsport 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 remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Williamsport, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Williamsport in May 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Williamsport, MD
How long does it take to sell a home in Williamsport, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 29 Days | +728.6% |
Summary: Homes in Williamsport had an average of 29 days on market in May 2024, up by 728.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Williamsport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Williamsport; 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.
