Is Newburg, PA 17240 a buyer’s or seller’s market?
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.
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.
Run the numbers for 17240
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 →Towns like Newburg nearby
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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