Is Worton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Worton was a Neutral Market.
Key Takeaway
Worton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Worton, MD
How much do homes in Worton, MD cost?
Median Sold Price
$275,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Worton have sold for 31.7% less than they did a year ago.
Summary: The median home sold price in Worton was $275,000 in May 2024, down 31.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $210K | $211.4K | +0.7% |
| 3 Bedrooms | $342K | $252K | -26.3% |
| 4 Bedrooms | $720K | $450K | -37.5% |
| 5+ Bedrooms | $422.5K | $1.5M | +255.0% |
Summary: Worton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 255%.
Median Sold Price Compared To Nearby Cities
| Kennedyville | $200K | $205.5K | +2.8% |
| Worton | $402.5K | $275K | -31.7% |
Housing Supply in Worton, MD
How many homes are available in Worton, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Worton real estate market had 17 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Worton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 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 Worton, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Worton in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Worton, MD
How long does it take to sell a home in Worton, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 134 Days | 12 Days | -91.1% |
Summary: Homes in Worton had an average of 12 days on market in May 2024, down by 91.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Worton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Worton; 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.
