Is Newburgh, NY 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, Newburgh was a Seller's Market.
Housing Prices in Newburgh, NY
How much do homes in Newburgh, NY cost?
Median Sold Price
$355,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Newburgh was $355,000 in March 2024, up 4.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $150K | +25.0% |
2 Bedrooms | $270K | $280K | +3.7% |
3 Bedrooms | $344.5K | $367.5K | +6.7% |
4 Bedrooms | $440K | $430K | -2.3% |
5+ Bedrooms | $380K | $422.5K | +11.2% |
Summary: Newburgh housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
Newburgh | $340K | $355K | +4.4% |
New Windsor | $384.6K | $390K | +1.4% |
Housing Supply in Newburgh, NY
How many homes are available in Newburgh, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
181 | 186 | +2.8% |
Summary: The Newburgh real estate market had 186 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 26 | 26 | 0.0% |
3 Bedrooms | 73 | 80 | +9.6% |
4 Bedrooms | 46 | 45 | -2.2% |
5+ Bedrooms | 30 | 29 | -3.3% |
Summary: The Newburgh 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 9.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 3.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Newburgh in March 2024, down by 13.3% month-over-month. Of the 26 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.
Days on Market for Newburgh, NY
How long does it take to sell a home in Newburgh, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 54 Days | -37.5% |
Summary: Homes in Newburgh had an average of 54 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Newburgh; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.