$8,786 Closing Credit*
$739,900
3,879 SqFt
4 Beds
•3 Full Baths, 1 Partial
Christy Mausen, Listing Office: CENTURY 21 New Millennium
Is Newburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Newburg was a Seller's Market.
Key Takeaway
Newburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newburg, MD
How much do homes in Newburg, MD cost?
Median Sold Price
$455,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$46,500(+11.4%)
Key Takeaway
Homes in Newburg have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Newburg was $455,000 in September 2024, up 11.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $92.5K | -38.3% |
| 2 Bedrooms | $70K | $282K | +302.9% |
| 3 Bedrooms | $384.9K | $470K | +22.1% |
| 4 Bedrooms | $408.5K | $489.9K | +19.9% |
| 5+ Bedrooms | $725K | $610.5K | -15.8% |
Summary: Newburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.3%, 2 bedroom homes increased by 302.9%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Newburg | $408.5K | $455K | +11.4% |
| Colonial Beach | $300K | $319.9K | +6.6% |
| Dahlgren | $380K | $380K | 0.0% |
| Issue | $495.4K | $465K | -6.1% |
Housing Supply in Newburg, MD
How many homes are available in Newburg, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Newburg real estate market had 29 homes for sale in September 2024, a 7.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Newburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburg, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Newburg in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 41 Days | 54 Days | +32.5% |
Summary: Homes in Newburg had an average of 54 days on market in Sep 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newburg are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Newburg; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
