Is Newburg, PA 17240 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Newburg is a seller’s market. With about 2.3 months of supply and 57% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.3Under 4 months = seller’s market
Sold above original list57.1%Share of sales, last 3 months
Median sale-to-list101.3%Sold price ÷ list price
Median days on market21Listing to accepted offer
Median price per sq ft$175▲ +22.2% vs. last year

The Newburg housing market right now

In the three months ending August 31, 2026, 57% of homes in Newburg, PA 17240 sold above their list price, the typical home went under contract in 21 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 75%, homes sold more slowly (12 days then) and the median sale price rose 24% to $364,842. Overall, Newburg is less competitive than a year ago, which gives buyers more room.

Within Cumberland County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell more often over asking than in 93%.

Nearby, buyers who want less competition could look at Shippensburg 17257 (22% sold over asking) or Carlisle 17015 (28% sold over asking), while Summerdale 17093 (67% sold over asking) is even more competitive.

Nearby markets

Boiling Springs 17007Seller’s market $185 /sq ftCamp Hill 17011Seller’s market $178 /sq ftCarlisle 17013Seller’s market $179 /sq ftCarlisle 17015Seller’s market $189 /sq ft Browse all markets →

Where Newburg is

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Questions about Newburg real estate

Is Newburg a buyer’s or seller’s market?

A seller’s market: there were 2.3 months of supply in Newburg, PA 17240 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Newburg?

The typical home went under contract in 21 days in the latest three months.

Do homes in Newburg sell over asking?

57% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.

What are property taxes in Newburg?

About 1.17% of a home’s value a year in Cumberland County, or roughly $4,680 on a $400,000 home.

What is the median home price in Newburg?

The median sale price was $364,842 in the three months ending August 31, 2026, about $175 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology