Category: Market Update
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
December 2023 – Two Minute Market Update
Here’s a brief overview of the Deep Creek Lake real estate market as of December 15, 2023. Average sold price lake area residential over the past 30 days: $1,202,220 Number of sales pending for Garrett County: 54 Number of homes for sale in Garrett County: 141 Number of homes sold in Garrett County in the... Read More
November 2023 – Two Minute Market Update
Here’s a brief overview of the Deep Creek Lake real estate market as of November 17, 2023. Average sold price lake area residential over the past 30 days: $1,048,065 Number of sales pending for Garrett County: 52 Number of homes for sale in Garrett County: 150 Number of homes sold in Garrett County: in the... Read More
October 2023 – Two Minute Market Update
Here’s a brief overview of the Deep Creek Lake real estate market as of October 20, 2023. Average sold price lake area residential over the past 30 days: $803,228 Number of sales pending for Garrett County: 59 Number of homes for sale in Garrett County: 163 Number of homes sold in Garrett County: in the... Read More