Market Status:
Cumberland remains a strong seller’s market with only 2.02 months of inventory, up 3.1% from the previous month. Homes are moving quickly, with a median of just 7 days on the market.
π Price & Value Trends
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Median Sold Price: $357,100 (⬆ 5.0% MoM)
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Median Estimated Property Value: $345,460 (⬆ 1.1% MoM | ⬆ 4.6% YoY)
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Median List Price (New Listings): $359,950 (⬆ 4.0% MoM)
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Median List Price (Active Listings): $498,800 (⬆ 0.3% MoM)
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Median $/Sqft (Active): $199
π Market Activity Overview
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New Listings: 282 properties (⬆ 9.7% MoM)
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Active Listings: 356 properties (⬆ 4.7% MoM)
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New Pending Listings: 227 properties (⬆ 11.3% MoM)
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Total Pending Listings: 298 properties (⬆ 13.3% MoM)
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Sold Listings: 192 properties (⬆ 16.4% MoM)
π Sales Metrics
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Sold-to-List Price Ratio: 101.2% (⬆ 1.5% MoM)
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Median $/Sqft (Sold Listings): $179 (⬆ 3.8% MoM)
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Median Living Area (Sold): 2,057 sqft
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Total Sales Volume: $75.8M (⬆ 16.6% MoM)
π§ Investor Insights
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Strong appreciation: Prices continue to rise, signaling robust demand and opportunity for equity growth.
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Quick sales: Median days on market at just 7 shows how competitive the area is for buyers.
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Above-list sales: Properties are consistently selling above asking, reflecting aggressive buyer activity.
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Solid mix of inventory: While prices are climbing, there’s still moderate inventory growth offering options for investors.
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