Is Pocomoke City, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pocomoke City is a seller's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Pocomoke City was a Buyer's Market.

Key Takeaway

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

How much do homes in Pocomoke City, MD cost?

Median Sold Price

$185,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$13,000(+7.6%)

Key Takeaway

Homes in Pocomoke City have sold for 7.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $72.5K$140K
+93.1%
3 $175.4K$180K
+2.6%
4 $211.2K$212.5K
+0.6%
5+ $136.5K$175K
+28.2%

How many homes are available in Pocomoke City, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
2220-9.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 10
-100.0%
3 1515
0.0%
4 55
0.0%
5+ 10
-100.0%

Number of Homes Sold

Sep 2022Oct 2022%
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pocomoke City, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
47 Days75 Days+59.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pocomoke City are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Pocomoke City, MD

Pocomoke City, MD has 20 homes for sale to choose from. In October 2022 in Pocomoke City, MD there were 9.1% less homes for sale than in September 2022. In October 2022 median list price was $185,000 and the average listing age was 75 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 93.1%, prices of 3 bedrooms properties increased by 2.6%, prices of 4 bedrooms properties increased by 0.6%, prices of 5 bedrooms properties went up by 28.2%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 100% less available, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes stayed the same, the quantity of 5 bedrooms homes went down by 100%. Over 0 listings were sold over their listed price in October 2022 in Pocomoke City, MD. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price.