Is Port Wentworth, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Wentworth is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Port Wentworth has remained a Seller's Market.

Key Takeaway

Port Wentworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Port Wentworth, GA cost?

Median Sold Price

$240,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$40,000(+20.0%)

Key Takeaway

Homes in Port Wentworth have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $120K$137K
+14.2%
3 $190K$227K
+19.5%
4 $232.8K$264K
+13.4%
5+ $275K$387.5K
+40.9%

Median Sold Price Compared To Nearby Cities

Garden City
+21.2%
Port Wentworth
+20.0%
Savannah
+11.3%

How many homes are available in Port Wentworth, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
3841+7.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 25
+150.0%
3 2322
-4.3%
4 1011
+10.0%
5+ 33
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
911+22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Wentworth, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days17 Days+21.4%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Wentworth are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Port Wentworth, GA

Number of homes for sale in Port Wentworth, GA real estate market have reached 41. The inventory of homes for sale in Port Wentworth, GA between September 2022 and October 2022 increased by 7.9%. The median list price of listings available in October 2022 was $240,000, while the average time on the real estate market was 17 days. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 14.2% more expensive, 3 bedrooms properties prices increased by 19.5%, prices of 4 bedrooms properties increased by 13.4%, the cost of 5 bedrooms properties went up by 40.9%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 150%, the quantity of 3 bedrooms homes went down by 4.3%, volume of 4 bedrooms homes went up by 10%, volume of 5 bedrooms homes stayed the same. Over 4 listings were sold over their listed price in October 2022 in Port Wentworth, GA. In the same period over 3 listings were sold below the listed price and 4 listings were sold for the listed price.

Related Housing Market Reports