$4,749 Closing Credit*
$399,900
2,230 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kathy L White-Thorne, Listing Office: RE/MAX United Real Estate
Is Newburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Newburg has remained a Seller's Market.
Key Takeaway
Newburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newburg, MD
How much do homes in Newburg, MD cost?
Median Sold Price
$470,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,505(+21.3%)
Key Takeaway
Homes in Newburg have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in Newburg was $470,000 in November 2024, up 21.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $92.5K | -38.3% |
| 2 Bedrooms | $282K | $235K | -16.7% |
| 3 Bedrooms | $311K | $432.5K | +39.1% |
| 4 Bedrooms | $427K | $484.8K | +13.5% |
| 5+ Bedrooms | $692.5K | $699K | +0.9% |
Summary: Newburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 39.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Newburg | $387.4K | $470K | +21.3% |
| Colonial Beach | $304.9K | $323.4K | +6.1% |
| Dahlgren | $406K | $380K | -6.4% |
Housing Supply in Newburg, MD
How many homes are available in Newburg, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Summary: The Newburg real estate market had 14 homes for sale in November 2024, a 26.3% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Newburg 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 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newburg, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Newburg in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 82 Days | +1958.3% |
Summary: Homes in Newburg had an average of 82 days on market in Nov 2024, up by 1958.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Newburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Newburg; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
