Cumberland, MD
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
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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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