$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 October 2023
At the same time last year, Union Bridge was a Seller's Market.
Key Takeaway
Union Bridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Union Bridge, MD
How much do homes in Union Bridge, MD cost?
Median Sold Price
$370,000
$212/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Union Bridge has remained the same since last year.
Summary: The median home sold price in Union Bridge was $370,000 in October 2024, the same as last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $290.6K | $257.7K | -11.3% |
| 3 Bedrooms | $372.5K | $365K | -2.0% |
| 4 Bedrooms | $370K | $385K | +4.1% |
| 5+ Bedrooms | $530K | $650K | +22.6% |
Summary: Union Bridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
| Keymar | $375K | $517.5K | +38.0% |
| Mount Airy | $575K | $600K | +4.3% |
| Union Bridge | $370K | $370K | 0.0% |
Housing Supply in Union Bridge, MD
How many homes are available in Union Bridge, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Union Bridge real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Union Bridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Bridge, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Union Bridge in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 10 Days | -82.7% |
Summary: Homes in Union Bridge had an average of 10 days on market in Oct 2024, down by 82.7% 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
Key Takeaway
Many homes in Union Bridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Union Bridge; 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.
