Is Ramapo, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ramapo was a Buyer's Market.
Housing Prices in Ramapo, NY
How much do homes in Ramapo, NY cost?
Median Sold Price
$698,433
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ramapo was $698,433 in April 2024, up 6.5% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $137K | +19.1% |
2 Bedrooms | $320K | $365K | +14.1% |
3 Bedrooms | $511.5K | $585K | +14.4% |
4 Bedrooms | $727K | $799K | +9.9% |
5+ Bedrooms | $925K | $1.1M | +19.2% |
Summary: Ramapo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Cities
Airmont | $737.5K | $815K | +10.5% |
Ramapo | $655.5K | $698.4K | +6.5% |
Montebello | $830K | $870K | +4.8% |
Housing Supply in Ramapo, NY
How many homes are available in Ramapo, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
364 | 365 | 0.3% |
Summary: The Ramapo real estate market had 365 homes for sale in April 2024, a 0.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 34 | +13.3% |
2 Bedrooms | 28 | 29 | +3.6% |
3 Bedrooms | 67 | 66 | -1.5% |
4 Bedrooms | 105 | 106 | +1.0% |
5+ Bedrooms | 134 | 130 | -3.0% |
Summary: The Ramapo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 59 | +15.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Ramapo in April 2024, up by 15.7% month-over-month. Of the 59 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Ramapo, NY
How long does it take to sell a home in Ramapo, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 38 Days | -43.0% |
Summary: Homes in Ramapo had an average of 38 days on market in Apr 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in Ramapo; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.