$6,828 Closing Credit*
$574,999
2,411 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Keller Williams Realty
Is Newburgh, NY 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, Newburgh was a Seller's Market.
Key Takeaway
Newburgh is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Newburgh, NY
How much do homes in Newburgh, NY cost?
Median Sold Price
$375,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$26,500(+7.6%)
Key Takeaway
Homes in Newburgh have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Newburgh was $375,000 in September 2024, up 7.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.9K | $148K | +5.8% |
| 2 Bedrooms | $280K | $292K | +4.3% |
| 3 Bedrooms | $350K | $395K | +12.9% |
| 4 Bedrooms | $433K | $447.2K | +3.3% |
| 5+ Bedrooms | $399K | $456K | +14.3% |
Summary: Newburgh housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Newburgh | $348.5K | $375K | +7.6% |
| New Windsor | $380K | $405K | +6.6% |
Housing Supply in Newburgh, NY
How many homes are available in Newburgh, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 253 | 265 | +4.7% |
Summary: The Newburgh real estate market had 265 homes for sale in September 2024, a 4.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 38 | 41 | +7.9% |
| 3 Bedrooms | 103 | 102 | -1.0% |
| 4 Bedrooms | 69 | 70 | +1.4% |
| 5+ Bedrooms | 41 | 49 | +19.5% |
Summary: The Newburgh housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 19.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburgh, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Newburgh in September 2024, up by 16.2% month-over-month. Of the 43 sold homes, 30% were sold under asking, 26% were sold at asking, and 44% were sold over asking.
Days on Market for Newburgh, NY
How long does it take to sell a home in Newburgh, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 44 Days | 38 Days | -14.5% |
Summary: Homes in Newburgh had an average of 38 days on market in Sep 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newburgh are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 43 homes were sold in Newburgh; 49% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate for sale or rent on this web site comes from the IDX program of the Mid Hudson Multiple Listing Service, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed and should be verified. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 they may be interested in purchasing.