November brought solid momentum to the Garrett County market, with more sales activity and stronger prices compared to last year. Data below compares November 2025 vs. November 2024.
Garrett County Real Estate – The Big Picture
- Sold dollar volume: $32.8M, up 47%
- Units sold: 46, up 44%
- Median sold price: $556,500, up 30%
- Average sold price: $670,278
What this suggests: demand held up well heading into late fall, and the market rewarded well-positioned listings with meaningful price gains at the median (often a good “typical sale” indicator).
Pricing and Negotiation Trends
- Homes sold at an average of 91.5% of original list price (up from 89.9%).
- The ratio of average sold price to average original list price improved to 91.9% (from 86.8%).
Translation: buyers are still negotiating, but correctly priced homes are holding value better than a year ago.
Inventory and Activity
- Active listings: 190, down 5% year-over-year
- New listings: 25, down 19%
- New pendings: 43, up 13% (and all pendings up 15%)
A smaller pool of listings plus more homes going pending is a healthy sign for sellers who are priced well and marketed professionally.
Days on Market
- Average days on market: 90 (very similar to last year at 88).
- Most sales clustered between 1 and 120 days, with a notable share still taking longer (121+ days).
This is a good reminder that the market is active, but not automatic. Preparation, pricing, and presentation still matter.
Financing Snapshot
- Conventional: 31 sales
- Cash: 11 sales
- VA: 2 sales (plus 1 FHA, 1 other)
Cash remains a meaningful part of the market, but conventional financing continues to lead.
What this Means for Sellers
- Pricing still drives results. With stronger sale-to-list performance, the market is rewarding homes that enter at a realistic number and show well.
- Less competition can work in your favor. Active inventory and new listings were both down year-over-year.
- Marketing is the difference-maker. With average days on market around 90, a smart launch plan (professional photos, positioning, and distribution) can be the edge that shortens the timeline.
What this Means for Buyers
- More closings does not mean “sold out.” Homes are still averaging about three months to sell, which can create opportunities, especially on listings that need updates or have been on the market longer.
- Be ready when the right one appears. Pending activity increased year-over-year, so strong homes can still move quickly.
- Negotiation is still on the table. Even with improvements, the average sale is landing below original list price, so strategy matters.