Single-Family Homes in Cumberland County:
In May 2025, the Cumberland County single-family home market experienced a blend of strong buyer demand and growing inventory. The median sales price declined slightly to $570,000, representing a 1.7% decrease compared to both April 2025 and May 2024. This indicates that home prices in Cumberland County have softened slightly, potentially offering more negotiating room for buyers compared to earlier this year and last spring.
Closed sales rose significantly, up 20.4% from the previous month and 11.5% year-over-year, indicating heightened market activity. Homes continue to sell quickly, with a median of just 6 days on market and sellers receiving an average of 102.3% of their list price.
New listings increased by 37.6% month-over-month to 531, while active inventory climbed by 54.9%, bringing the total to 553 available properties. This contributed to a rise in the month's supply of inventory, which now stands at 2.0. This indicates that more homeowners are putting their properties on the market, giving buyers more options and slightly easing the previously tight inventory. While the market remains competitive, the increase in supply could help balance conditions in the coming months.
Overall, while prices experienced a modest dip, the market remains highly active, with fast-moving sales and an increasing number of options for buyers.
Condominiums in Cumberland County:
The condominium market in Cumberland County showed mixed signals in May 2025. The median sales price dropped to $462,500, reflecting a 9.3% year-over-year decrease and a more substantial 19.7% decline from April, indicating a cooling in pricing despite overall market activity.
Closed sales increased by 22.2% month-over-month and are up 35.4% compared to May 2024, suggesting sustained buyer interest. However, the median days on market rose to 12, up significantly from last year, pointing to slightly slower absorption rates.
Buyers received 101.2% of list price on average, and the median sold price per square foot rose to $375, up 3.6% from last month. New listings declined by 4.5% month-over-month to 126, but active inventory rose 28.1%, bringing total availability to 219 condos. The month's supply of inventory also increased to 2.5, up 4.8% from April.
Overall, while prices have softened, increased inventory and steady demand are keeping the market active, offering buyers more choices and potentially more negotiating leverage.
Click the link to see the full report: May 2025 Market Report
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