Contracts Low Point in Cumberland Real Estate Market

There were 14 homes sold in the Cumberland market over the last 30 days, while four contracts were executed. This marks the lowest amount since July, and could be a sign that the market is softening. When comparing other close-by municipalities within the same period, the most came from Indianapolis with 882 contracts executed. The median sales price climbed to $221,000 over the latest reporting period for Cumberland, up from $218,000. With only three months of inventory to sell, Cumberland is a still seller's market, even after taking into consideration the falling contracts numbers.

Still haven't found the right home in Cumberland? One of these new listings could end the search:

$112K   $259K   $239K  

Get started right now by checking out Cumberland homes for sale or reviewing Cumberland real estate trends.

Demographic facts about Cumberland:

  • This area has a rating of 64 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $10.41/$1,000.
  • The area's commuter length breakdown is: <15 min (19.1%), 15-29 min (47.6%), 30-44 min (26.4%), 45-59 min (4.3%), >60 min (2.6%).

Data reported through 10/13/2016

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