Is Port Deposit, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Port Deposit was a Seller's Market.
Key Takeaway
Port Deposit is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Deposit, MD
How much do homes in Port Deposit, MD cost?
Median Sold Price
$376,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Port Deposit have sold for 25.1% more than they did a year ago.
Summary: The median home sold price in Port Deposit was $376,000 in March 2024, up 25.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $35K | N/A |
| 2 Bedrooms | $250K | $276.5K | +10.6% |
| 3 Bedrooms | $265K | $345K | +30.2% |
| 4 Bedrooms | $417.1K | $515K | +23.5% |
| 5+ Bedrooms | $687.2K | $625K | -9.1% |
Summary: Port Deposit 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 10.6%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in Port Deposit, MD
How many homes are available in Port Deposit, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Port Deposit real estate market had 24 homes for sale in March 2024, a 20.0% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Port Deposit 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 increased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Deposit, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Port Deposit in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +5.5% |
Summary: Homes in Port Deposit had an average of 19 days on market in Mar 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Deposit are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Port Deposit; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
