Category: Market Update
September 2025 Market Update | Deep Creek Lake Real Estate
Fall is in the air at Deep Creek Lake, and the local real estate market remains active with strong prices and steady buyer demand. September showed continued momentum with a notable increase in sold dollar volume and prices compared to last year. Market Highlights Sold Dollar Volume: $31.6M – up 28% from September 2024 Average... Read More
August 2025 Market Update | Deep Creek Lake Real Estate
Garrett County Real Estate Market Summary – August 2025 Key Market Indicators Based on the Bright MLS SmartCharts report for August 2025: Closed Sales: 39 homes sold, down 25% from August 2024. Average Sold Price: $524,138, down 4.1% compared to last year). Sold Dollar Volume: $21.73M Days on Market (DOM): Homes took an average of... Read More
July 2025 Market Update | Deep Creek Lake Real Estate
Garrett County Real Estate – Key Market Indicators for July 2025 According to SmartCharts by Bright MLS, July 2025 showed the following: Closed Sales: 46 homes sold, up 9.5% year-over-year. Median Sold Price: $320,000, down 21.5% compared to July 2024 ($407,500). New Listings: 51, a decline of 13% from last year. Active Listings: 297, up... Read More
June 2025 Market Update | Deep Creek Lake Real Estate
Garrett County Real Estate Market Summary – June 2025 Key Market Indicators Based on the Bright MLS SmartCharts report for June 2025: Closed Sales: 24 homes sold, down 17.2% compared to June 2024 (29 sales). Median Sold Price: $550,000, a sharp increase of 78% year-over-year (from $309,000). Average Sold Price: $673,151, down slightly (–2.8%) from... Read More
May 2025 Market Update | Deep Creek Lake Real Estate
Garrett County Real Estate Market Summary – May 2025 Key Market Indicators Based on the Bright MLS SmartCharts report for May 2025: Closed Sales: 35 homes sold, up 12.9% from May 2024 (31 sales). Median Sold Price: $425,000, up 19.7% year-over-year (from $355,000). Average Sold Price: $626,235, compared to $668,129 last year. Sold Dollar Volume:... Read More
April 2025 Market Update | Deep Creek Lake Real Estate
Garrett County Real Estate Market Summary – April 2025 Key Market Indicators Based on the Bright MLS SmartCharts report for April 2025: Closed Sales: 35 homes sold, up 9.4% compared to April 2024 (32 sales). Median Sold Price: $400,000, down 24.2% year-over-year (from $527,500). Average Sold Price: $499,662, down 37.2% from last year ($796,062). Sold... Read More
October 2024 Market Update
Here’s a brief overview of the Garrett County real estate market as of October 14, 2024. Median Sold Price: $435,000 (down from September 2023, up from August 2024) Average Days on Market: 61 (up from September 2023, up from August 2024) Current Inventory Levels: Current Inventory: 224 homes listed as of October 14 New Listings:... Read More
August 2024 Market Update
Here’s a brief overview of the Deep Creek Lake real estate market as of July 15, 2024. Average sold price lake area residential over the past 30 days: $1,185,300 Number of sales pending for Garrett County: 58 Number of homes for sale in Garrett County: 220 Number of homes sold in Garrett County in the... Read More
April 2024 – Two Minute Market Update
Here’s a brief overview of the Deep Creek Lake real estate market as of April 8, 2024. Average sold price lake area residential over the past 30 days: $853,000 Number of sales pending for Garrett County: 54 Number of homes for sale in Garrett County: 143 Number of homes sold in Garrett County in the... Read More
January 2024 – Two Minute Market Update
Here’s a brief overview of the Deep Creek Lake real estate market as of January 25, 2024. Average sold price lake area residential over the past 30 days: $991,000 Number of sales pending for Garrett County: 75 Number of homes for sale in Garrett County: 114 Number of homes sold in Garrett County in the... Read More