Is Port Tobacco, MD 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 Tobacco was a Seller's Market.
Housing Prices in Port Tobacco, MD
How much do homes in Port Tobacco, MD cost?
Median Sold Price
$479,644
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Port Tobacco was $479,644 in April 2024, down 13.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $369.9K | $385.9K | +4.3% |
4 Bedrooms | $562.4K | $592.5K | +5.3% |
5+ Bedrooms | $622.5K | $600K | -3.6% |
Summary: Port Tobacco 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 did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
Welcome | $425K | $592.5K | +39.4% |
La Plata | $422.4K | $465K | +10.1% |
Port Tobacco | $555K | $479.6K | -13.6% |
Housing Supply in Port Tobacco, MD
How many homes are available in Port Tobacco, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Summary: The Port Tobacco real estate market had 10 homes for sale in April 2024, a 150.0% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 1 | 5 | +400.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Port Tobacco 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 increased by 100%, 4 bedroom homes increased by 400%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Port Tobacco in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Port Tobacco, MD
How long does it take to sell a home in Port Tobacco, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 1 Day | -72.4% |
Summary: Homes in Port Tobacco had an average of 1 days on market in Apr 2024, down by 72.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Port Tobacco; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.