Is Newburg, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Newburg has remained a Buyer's Market.
Housing Prices in Newburg, MD
How much do homes in Newburg, MD cost?
Median Sold Price
$340,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newburg was $340,000 in March 2024, down 10.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $24.8K | $150K | +503.4% |
2 Bedrooms | $208.5K | $282K | +35.2% |
3 Bedrooms | $384.9K | $310K | -19.5% |
4 Bedrooms | $497.5K | $455K | -8.5% |
5+ Bedrooms | $1.4M | $692.5K | -52.2% |
Summary: Newburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 503.4%, 2 bedroom homes increased by 35.2%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 52.2%.
Median Sold Price Compared To Nearby Cities
Colonial Beach | $309K | $307.3K | -0.6% |
Newburg | $378.2K | $340K | -10.1% |
Housing Supply in Newburg, MD
How many homes are available in Newburg, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 50 | 0.0% |
Summary: The Newburg real estate market had 50 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 20 | 19 | -5.0% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Newburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Newburg in March 2024, down by 50.0% 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 Newburg, MD
How long does it take to sell a home in Newburg, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 75 Days | +95.7% |
Summary: Homes in Newburg had an average of 75 days on market in Mar 2024, up by 95.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Newburg; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.