$3,726 Closing Credit*
$313,800
4 Beds
•2 Full Baths
Christie Martin, Listing Office: ERA FIRST ADVANTAGE REALTY, INC
Is Newburgh, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Newburgh has remained a Seller's Market.
Key Takeaway
Newburgh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newburgh, IN
How much do homes in Newburgh, IN cost?
Median Sold Price
$330,000
$151/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$3,600(+1.1%)
Key Takeaway
Homes in Newburgh have sold for 1.1% more than they did a month ago.
Summary: The median home sold price in Newburgh was $330,000 in November 2024, up 1.1% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $246.9K | +62.0% |
| 3 Bedrooms | $280K | $285K | +1.8% |
| 4 Bedrooms | $407.5K | $364.4K | -10.6% |
| 5+ Bedrooms | $974.9K | $419.7K | -56.9% |
Summary: Newburgh housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 56.9%.
Median Sold Price Compared To Nearby Cities
| Anderson Township | $157.4K | $172K | +9.2% |
| Ohio Township | $299.5K | $310.9K | +3.8% |
| Newburgh | $326.4K | $330K | +1.1% |
Housing Supply in Newburgh, IN
How many homes are available in Newburgh, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 192 | 194 | +1.0% |
Summary: The Newburgh real estate market had 194 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 79 | 84 | +6.3% |
| 4 Bedrooms | 81 | 77 | -4.9% |
| 5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The Newburgh housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 51 | +24.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburgh, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Newburgh in November 2024, up by 24.4% month-over-month. Of the 44 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.
Days on Market for Newburgh, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.