Is Port Deposit, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Port Deposit has remained a Seller's Market.
Housing Prices in Port Deposit, MD
How much do homes in Port Deposit, MD cost?
Median Sold Price
$386,450
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Port Deposit was $386,450 in April 2024, up 12% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $35K | N/A |
2 Bedrooms | $250K | $276.5K | +10.6% |
3 Bedrooms | $265K | $360K | +35.8% |
4 Bedrooms | $437.4K | $515K | +17.7% |
5+ Bedrooms | $642.5K | $675K | +5.1% |
Summary: Port Deposit 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 10.6%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Port Deposit, MD
How many homes are available in Port Deposit, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Summary: The Port Deposit real estate market had 14 homes for sale in April 2024, a 6.7% decrease 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 | 3 | 3 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Port Deposit 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Port Deposit in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Port Deposit, MD
How long does it take to sell a home in Port Deposit, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 42 Days | +226.2% |
Summary: Homes in Port Deposit had an average of 42 days on market in Apr 2024, up by 226.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Port Deposit; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.