Is Port Wentworth, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Port Wentworth was a Seller's Market.
Key Takeaway
Port Wentworth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Wentworth, GA
How much do homes in Port Wentworth, GA cost?
Median Sold Price
$294,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Port Wentworth have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Port Wentworth was $294,500 in April 2024, up 17.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168.1K | $169.9K | +1.1% |
| 3 Bedrooms | $249K | $286K | +14.9% |
| 4 Bedrooms | $300K | $338.4K | +12.8% |
| 5+ Bedrooms | $333K | $489.7K | +47.1% |
Summary: Port Wentworth 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 1.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 47.1%.
Median Sold Price Compared To Nearby Cities
| Savannah | $299.8K | $354K | +18.1% |
| Port Wentworth | $250K | $294.5K | +17.8% |
Housing Supply in Port Wentworth, GA
How many homes are available in Port Wentworth, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The Port Wentworth real estate market had 41 homes for sale in April 2024, a 4.7% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Port Wentworth 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 decreased by 40%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 4 | -73.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Wentworth, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Port Wentworth in April 2024, down by 73.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Port Wentworth, GA
How long does it take to sell a home in Port Wentworth, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 72 Days | +1100.0% |
Summary: Homes in Port Wentworth had an average of 72 days on market in Apr 2024, up by 1100% compared to last year.
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
Key Takeaway
Avg time on Rocket Homes in Port Wentworth has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Port Wentworth; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
