Is Newburgh, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$362,750
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newburgh was $362,750 in April 2024, up 6.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $148K | +20.8% |
2 Bedrooms | $269.9K | $280K | +3.7% |
3 Bedrooms | $342.5K | $375K | +9.5% |
4 Bedrooms | $437.5K | $430K | -1.7% |
5+ Bedrooms | $390K | $430K | +10.3% |
Summary: Newburgh housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
Newburgh | $340K | $362.7K | +6.7% |
New Windsor | $380K | $395K | +3.9% |
Housing Supply in Newburgh, NY
How many homes are available in Newburgh, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
177 | 204 | +15.3% |
Summary: The Newburgh real estate market had 204 homes for sale in April 2024, a 15.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 24 | 26 | +8.3% |
3 Bedrooms | 77 | 89 | +15.6% |
4 Bedrooms | 44 | 55 | +25.0% |
5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The Newburgh housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Newburgh in April 2024, up by 7.7% month-over-month. Of the 28 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 75 Days | +29.2% |
Summary: Homes in Newburgh had an average of 75 days on market in Apr 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Newburgh; 29% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.