Is Pocomoke City, 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, 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
$230,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pocomoke City was $230,000 in April 2024, up 13.3% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $50K | N/A |
2 Bedrooms | $83K | $170K | +104.8% |
3 Bedrooms | $203K | $215K | +5.9% |
4 Bedrooms | $330K | $302.4K | -8.3% |
5+ Bedrooms | - | $387.5K | N/A |
Summary: Pocomoke City 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 increased by 104.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 8.3%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 44 | +10.0% |
Summary: The Pocomoke City real estate market had 44 homes for sale in April 2024, a 10.0% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pocomoke City 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 28.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Pocomoke City in April 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 59 Days | +17.6% |
Summary: Homes in Pocomoke City had an average of 59 days on market in Apr 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Pocomoke City; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.