Is Newburg, 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, Newburg was a Seller's Market.
Housing Prices in Newburg, MD
How much do homes in Newburg, MD cost?
Median Sold Price
$425,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newburg was $425,500 in May 2024, up 4.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24.8K | $92.5K | +272.1% |
2 Bedrooms | - | $282K | N/A |
3 Bedrooms | $434.9K | $365K | -16.1% |
4 Bedrooms | $390K | $495K | +26.9% |
5+ Bedrooms | $1.0M | $725K | -31.3% |
Summary: Newburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 272.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.1%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 31.3%.
Median Sold Price Compared To Nearby Cities
Colonial Beach | $298K | $314.4K | +5.5% |
Newburg | $408.5K | $425.5K | +4.2% |
Housing Supply in Newburg, MD
How many homes are available in Newburg, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Newburg real estate market had 21 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Newburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Newburg in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Newburg, MD
How long does it take to sell a home in Newburg, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 24 Days | -67.6% |
Summary: Homes in Newburg had an average of 24 days on market in May 2024, down by 67.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Newburg; 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.