Is Port Republic, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Port Republic was a Seller's Market.
Housing Prices
How much do homes in Port Republic, MD cost?
Median Sold Price
$136,500
$88/sqft
Based on all homes sold in September 2023.
Difference Since Last Month
Summary: The median home sold price in Port Republic was $136,500 in September 2023, down 72.4% from last month, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $495K | $136.5K | -72.4% |
4 Bedrooms | $430K | - | N/A |
5+ Bedrooms | $605K | - | N/A |
Summary: Port Republic housing prices by bedroom type for September 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 72.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply
How many homes are available in Port Republic, MD?
Number of Homes For Sale
Aug 2023 | Sep 2023 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Summary: The Port Republic real estate market had 10 homes for sale in September 2023, a 16.7% decrease compared to August 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Port Republic housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Aug 2023 | Sep 2023 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Port Republic in September 2023, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market
How long does it take to sell a home in Port Republic, MD?
Average Sale Time
Aug 2023 | Sep 2023 | CHANGE |
---|---|---|
14 Days | 77 Days | +425.0% |
Summary: Homes in Port Republic had an average of 77 days on market in Sep 2023, up by 425% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During September 2023, 1 homes were sold in Port Republic; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.