Is Port Wentworth, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Port Wentworth, GA
How much do homes in Port Wentworth, GA cost?
Median Sold Price
$292,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Port Wentworth have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Port Wentworth was $292,000 in March 2024, up 16.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $170K | +3.0% |
| 3 Bedrooms | $245K | $285.5K | +16.5% |
| 4 Bedrooms | $308K | $336.9K | +9.4% |
| 5+ Bedrooms | $341K | $469.9K | +37.8% |
Summary: Port Wentworth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 37.8%.
Median Sold Price Compared To Nearby Cities
| Savannah | $295.7K | $350.3K | +18.4% |
| Port Wentworth | $250K | $292K | +16.8% |
Housing Supply in Port Wentworth, GA
How many homes are available in Port Wentworth, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 45 | +2.3% |
Summary: The Port Wentworth real estate market had 45 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Port Wentworth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Wentworth, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Port Wentworth in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Port Wentworth, GA
How long does it take to sell a home in Port Wentworth, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 10 Days | -81.8% |
Summary: Homes in Port Wentworth had an average of 10 days on market in Mar 2024, down by 81.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were 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 Wentworth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Port Wentworth; 21% 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.
Based on information from the Georgia MLS © 2024.