Is Newburg, KY 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, Newburg has remained a Seller's Market.
Housing Prices in Newburg, KY
How much do homes in Newburg, KY cost?
Median Sold Price
$175,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newburg was $175,000 in May 2024, up 2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61K | $120K | +96.7% |
2 Bedrooms | $150K | $141K | -6.0% |
3 Bedrooms | $170K | $175K | +2.9% |
4 Bedrooms | $201K | $200.5K | -0.2% |
5+ Bedrooms | $368K | $212K | -42.4% |
Summary: Newburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.7%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 42.4%.
Housing Supply in Newburg, KY
How many homes are available in Newburg, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 37 | -5.1% |
Summary: The Newburg real estate market had 37 homes for sale in May 2024, a 5.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 30 | 26 | -13.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Newburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Newburg in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for Newburg, KY
We’re sorry, we don't have information for this market at the moment