$8,311 Closing Credit*
$699,900
3,101 SqFt
3 Beds
•2 Full Baths, 1 Partial
Patricia G Mills, Listing Office: Charis Realty Group
Is Union Bridge, 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, Union Bridge has remained a Seller's Market.
Key Takeaway
Union Bridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Bridge, MD
How much do homes in Union Bridge, MD cost?
Median Sold Price
$368,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,500(+1.0%)
Key Takeaway
Homes in Union Bridge have sold for 1% more than they did a year ago.
Summary: The median home sold price in Union Bridge was $368,500 in November 2024, up 1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $290.6K | $270.3K | -7.0% |
| 3 Bedrooms | $367.5K | $344.5K | -6.3% |
| 4 Bedrooms | $363.5K | $385K | +5.9% |
| 5+ Bedrooms | $530K | $650K | +22.6% |
Summary: Union Bridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
| Mount Airy | $575K | $610K | +6.1% |
| Union Bridge | $357K | $370K | +3.6% |
| Union Bridge | $365K | $368.5K | +1.0% |
Housing Supply in Union Bridge, MD
How many homes are available in Union Bridge, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Union Bridge real estate market had 12 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Union Bridge 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 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Union Bridge, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Union Bridge in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Union Bridge, MD
How long does it take to sell a home in Union Bridge, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 46 Days | +384.2% |
Summary: Homes in Union Bridge had an average of 46 days on market in Nov 2024, up by 384.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Union Bridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Union Bridge; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
