Is Union Bridge, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Union Bridge was a Buyer'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
$360,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Union Bridge have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Union Bridge was $360,000 in March 2024, up 23.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $212.4K | $290.6K | +36.8% |
| 3 Bedrooms | $327.5K | $360K | +9.9% |
| 4 Bedrooms | $240K | $370K | +54.2% |
| 5+ Bedrooms | $337K | $545K | +61.7% |
Summary: Union Bridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 54.2%, and 5+ bedroom homes increased by 61.7%.
Median Sold Price Compared To Nearby Cities
| Union Bridge | $292.5K | $360K | +23.1% |
| Union Bridge | $336.5K | $367.5K | +9.2% |
Housing Supply in Union Bridge, MD
How many homes are available in Union Bridge, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Summary: The Union Bridge real estate market had 15 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Union Bridge 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Bridge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Union Bridge in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Day | 10 Days | +966.7% |
Summary: Homes in Union Bridge had an average of 10 days on market in Mar 2024, up by 966.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were 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 March 2024, 3 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.
