Is Newburgh, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newburgh has remained a Seller's Market.
Key Takeaway
Newburgh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newburgh, NY
How much do homes in Newburgh, NY cost?
Median Sold Price
$370,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newburgh have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Newburgh was $370,000 in May 2024, up 8.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.5K | $150K | +33.3% |
| 2 Bedrooms | $260K | $292K | +12.3% |
| 3 Bedrooms | $342K | $391K | +14.3% |
| 4 Bedrooms | $438.7K | $430K | -2.0% |
| 5+ Bedrooms | $410K | $420K | +2.4% |
Summary: Newburgh housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Newburgh | $340K | $370K | +8.8% |
| New Windsor | $380K | $392.5K | +3.3% |
Housing Supply in Newburgh, NY
How many homes are available in Newburgh, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 203 | 236 | +16.3% |
Summary: The Newburgh real estate market had 236 homes for sale in May 2024, a 16.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 26 | 33 | +26.9% |
| 3 Bedrooms | 94 | 107 | +13.8% |
| 4 Bedrooms | 49 | 54 | +10.2% |
| 5+ Bedrooms | 30 | 39 | +30.0% |
Summary: The Newburgh housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 42 | +50.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newburgh, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Newburgh in May 2024, up by 50.0% month-over-month. Of the 42 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 48 Days | -12.5% |
Summary: Homes in Newburgh had an average of 48 days on market in May 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newburgh has remained consistent over time.
Summary: During May 2024, 42 homes were sold in Newburgh; 38% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 19% 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.