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 Sold Price: $651,908 – a 21% jump year-over-year
- Median Sold Price: $559,125 – up 25% from last year
- Units Sold: 46 homes – slightly higher than last September
- Average Days on Market: 74 days – longer than last year’s 60, as buyers have more options to explore
Prices Stay Strong, Buyers Remain Active
Home values continue to rise across Garrett County, with both average and median prices posting double-digit gains. The average sold price reached nearly $652K, marking one of the highest figures of the year. Even with more homes available, motivated buyers are still stepping up—particularly cash buyers, who made up almost 40% of all September sales. This trend has helped keep transactions smooth and closings quick.
Inventory on the Rise
Active listings totaled 244, an increase of nearly 10% compared to last year. The rise in inventory gives buyers more choices while keeping the market healthy and competitive. New pendings were especially encouraging, up nearly 79%, signaling strong buyer interest heading into fall.
What’s Selling
Detached homes accounted for the majority of sales with an average price of $695,431, up more than 26% from last year. Attached homes also had a standout month, with average prices soaring 78%. These figures reflect solid confidence in both year-round and vacation home markets.
In Summary
The Deep Creek Lake market is evolving into a more balanced environment, one that still favors sellers with well-presented properties, but offers buyers more opportunities than in recent years. Whether you’re considering selling or searching for your perfect mountain retreat, there’s plenty of activity to keep the fall season exciting.