Is Union Bridge, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Union Bridge has remained a Seller's Market.
Key Takeaway
Union Bridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Bridge, MD
How much do homes in Union Bridge, MD cost?
Median Sold Price
$375,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Union Bridge have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Union Bridge was $375,000 in June 2024, up 11.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $285K | $276.9K | -2.8% |
| 3 Bedrooms | $335K | $375K | +11.9% |
| 4 Bedrooms | $335K | $385K | +14.9% |
| 5+ Bedrooms | $545K | $396.9K | -27.2% |
Summary: Union Bridge housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Cities
| Union Bridge | $335K | $375K | +11.9% |
| Union Bridge | $350K | $375K | +7.1% |
Housing Supply in Union Bridge, MD
How many homes are available in Union Bridge, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Union Bridge real estate market had 19 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Union Bridge housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Bridge, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Union Bridge in June 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +21.2% |
Summary: Homes in Union Bridge had an average of 26 days on market in Jun 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Union Bridge are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 7 homes were sold in Union Bridge; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
