Single-Family Homes in Cumberland County:
In July 2025, the single-family home market in Cumberland County became more balanced after a period of strong seller dominance. The median sales price reached $605,000, up 2.2% from July 2024 but down 3.2% from June 2025, suggesting a slight softening in prices despite year-over-year growth. Closed sales rose 15% from last year and 6.5% month-over-month to 361 transactions, with the highest activity in the $600K–$749K range, followed closely by the $400K–$499K and $500K–$599K ranges.
Homes moved quickly, with the median days on market holding steady at just 7 days, 16.7% slower than in June. Sellers received an average of 101.4% of list price, slightly above asking but marginally lower than last month. The median sold price per square foot climbed 0.7% year-over-year to $346, though it dipped 0.3% from June. New listings increased 17.7% from last year but dropped 8.8% month-over-month to 479, while active inventory surged 49.6% from last year and 26% month-over-month to 721 homes. Months supply of inventory rose sharply, up 30.1% year-over-year and 18.4% from June to 2.0 months.
Overall, the data suggests Cumberland County’s single-family home market remains highly competitive, with homes selling quickly and often above the asking price. However, slight month-over-month declines hint at a gradual cooling as inventory grows. Demand is still strong, but increasing supply may begin to offer buyers more leverage in the coming months.
Condominiums in Cumberland County:
In July 2025, the condominium market in Cumberland County underwent a transitional phase, with signs of both softening demand and increasing supply, pointing toward a more balanced or shifting market.
The median sales price rose to $499,450, reflecting a 6.3% increase from the previous month, although it remains 14.0% lower than the same time last year. Closed sales declined by 14.0% year-over-year and 11.9% month-over-month, totaling 74 transactions. Homes spent a median of 13 days on the market, a 10.7% decrease from June 2025 but a significant 150% increase in time since July 2024, signaling reduced buyer urgency compared to the previous year.
Sellers received 100.3% of their list price on average, a slight drop from last month. The median sold price per square foot remained stable at $345. New listings declined by 5.8% annually and 8.4% monthly, suggesting a tightening pipeline of fresh inventory. However, active inventory saw a year-over-year increase of 35.1% and a 12.4% rise from June, with 227 available properties, contributing to a more balanced market. This is further supported by the months' supply of inventory climbing to 3.1, up 57.0% from last year and 27.6% from the prior month.
Overall, the data suggests that while buyer demand has softened (as reflected in fewer closed sales and longer time on market year-over-year), sellers are still achieving close to asking prices, and inventory levels are rising, signaling a shift toward a more balanced or even buyer-favorable market.
Click the link to see the full report: July 2025 Market Report
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