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 Last Month

Since last month, 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

$256,000

$158/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

+$40,000(+18.5%)

Key Takeaway

Homes in Union Bridge have sold for 18.5% more than they did a month ago.

Summary: The median home sold price in Union Bridge was $256,000 in January 2024, up 18.5% from last month, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 -$150K
N/A
2 $202K-
N/A
3 --
N/A
4 $230K$375K
+63.0%
5+ -$256K
N/A

Summary: Union Bridge housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 63%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Union Bridge
+18.5%
Union Bridge
+18.5%

Housing Supply in Union Bridge, MD

How many homes are available in Union Bridge, MD?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
98-11.1%

Summary: The Union Bridge real estate market had 8 homes for sale in January 2024, a 11.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 22
0.0%
4 32
-33.3%
5+ 23
+50.0%

Summary: The Union Bridge housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was 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 may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Union Bridge in January 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Dec 2023Jan 2024CHANGE
25 Days20 Days-21.6%

Summary: Homes in Union Bridge had an average of 20 days on market in Jan 2024, down by 21.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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.

Summary: During January 2024, 3 homes were sold in Union Bridge; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in Union Bridge, MD

Nearby Markets to Union Bridge, MD