Is Westernport, 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, Westernport was a Seller's Market.
Key Takeaway
Westernport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westernport, MD
How much do homes in Westernport, MD cost?
Median Sold Price
$80,000
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Westernport have sold for 33.3% more than they did a year ago.
Summary: The median home sold price in Westernport was $80,000 in March 2024, up 33.3% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $19.5K | - | N/A |
| 2 Bedrooms | $78K | $79.9K | +2.4% |
| 3 Bedrooms | $82.9K | $92K | +10.9% |
| 4 Bedrooms | $40K | $35K | -12.5% |
| 5+ Bedrooms | $28.7K | $103.7K | +260.9% |
Summary: Westernport 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 2.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 260.9%.
Housing Supply in Westernport, MD
How many homes are available in Westernport, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Westernport real estate market had 19 homes for sale in March 2024, a 17.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Westernport 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 decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westernport, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Westernport in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Westernport, MD
How long does it take to sell a home in Westernport, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 86 Days | +4.0% |
Summary: Homes in Westernport had an average of 86 days on market in Mar 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Westernport are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Westernport; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
