Is Newburg, MO 65550 a buyer’s or seller’s market?
Newburg is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Newburg housing market right now
In the three months ending August 31, 2026, 10% of homes in Newburg, MO 65550 sold above their list price, the typical home went under contract in 28 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold faster (70 days then) and the median sale price rose 32% to $242,395. Overall, Newburg is about as competitive as it was a year ago.
Nearby, buyers who want less competition could look at Edgar Springs 65462 (0% sold over asking), while Saint James 65559 (25% sold over asking) and Rolla 65401 (18% sold over asking) are even more competitive.
Run the numbers for 65550
Nearby markets
Edgar Springs 65462Buyer’s market $116 /sq ftJerome 65529 — /sq ftRolla 65401Seller’s market $138 /sq ftSaint James 65559Balanced $140 /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 balanced market: there were 4.8 months of supply in Newburg, MO 65550 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 28 days in the latest three months.
Do homes in Newburg sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 91.8% of the list price.
What are property taxes in Newburg?
About 0.64% of a home’s value a year in Phelps County, or roughly $2,560 on a $400,000 home.
What is the median home price in Newburg?
The median sale price was $242,395 in the three months ending August 31, 2026, about $158 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