Is Union Bridge, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$358,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Union Bridge have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Union Bridge was $358,500 in May 2024, up 4.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $250K | $296.2K | +18.5% |
| 3 Bedrooms | $350K | $352.4K | +0.7% |
| 4 Bedrooms | $342.5K | $480K | +40.1% |
| 5+ Bedrooms | $530K | $389.9K | -26.4% |
Summary: Union Bridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes decreased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Union Bridge | $343.5K | $358.5K | +4.4% |
| Union Bridge | $350K | $362.5K | +3.6% |
Housing Supply in Union Bridge, MD
How many homes are available in Union Bridge, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Union Bridge real estate market had 18 homes for sale in May 2024, a 38.5% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Union Bridge 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Union Bridge in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 4 Days | -79.8% |
Summary: Homes in Union Bridge had an average of 4 days on market in May 2024, down by 79.8% 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 May 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.
