Is Union Bridge, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Bridge is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Union Bridge, MD cost?

Median Sold Price

$224,900

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$25,100(-10.0%)

Key Takeaway

Homes in Union Bridge have sold for 10% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$192K
N/A
2 $178.5K$224K
+25.5%
3 $252.5K$247.5K
-2.0%
4 $225K$224.9K
0%
5+ -$571K
N/A

Median Sold Price Compared To Nearby Cities

Union Bridge
-7.6%
Union Bridge
-10.0%

How many homes are available in Union Bridge, MD?

Number of Homes For Sale

Jul 2022Aug 2022%
34+33.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Aug 2021Aug 2022%
30 Days2 Days-93.3%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Union Bridge are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Union Bridge, MD

Homes for sale in Union Bridge, MD have reached 4. Between July 2022 and August 2022, Union Bridge, MD real estate market has seen increase in the number of listings by 33.3%. In August 2022, listings were on the market for 2 days. During the same period, the median list price in this real estate market was $224,900. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 25.5% more expensive, the cost of 3 bedrooms properties went down by 2%, the cost of 4 bedrooms properties have not changed, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 50%, number of 4 bedrooms homes remained the same, 5 bedrooms homes did not move. Union Bridge, MD housing market in August 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.

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