Cumberland, MD

Buyer's market+6.6% YoY

Housing market overview · Updated weekly

$146,000median sale price

Homes sold

14

Last 12 weeks

Days on market

70

Average pace

Active listings

112

8.0 months supply

Sale-to-list

91.0%

Below asking

The Cumberland housing market is currently classified as a buyer's market with a median sale price of $146,000. Prices have risen 6.6% compared to last year, with homes spending an average of 70 days on market, indicating 8.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Cumberland

There are currently 112 homes listed for sale in Cumberland, Maryland. The median listing price is $154K.

Active listings

112

Homes on market

Median list price

$154K

Avg. days on market

70

Days until sale

New this week

26

Newly listed

Price drops:21.4%of listings
Sale-to-list:91.0%

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Frequently asked questions

What is the average home price in Cumberland?

The median home sale price in Cumberland is $146,000, up 6.6% from last year.

How long do homes stay on market in Cumberland?

Homes typically spend 70 days on market before going under contract.

Is Cumberland a buyer's or seller's market?

With 8.0 months of supply, Cumberland is currently a buyer's market.

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