Is Bethlehem, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bethlehem has remained a Seller's Market.
Key Takeaway
Bethlehem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethlehem, NY
How much do homes in Bethlehem, NY cost?
Median Sold Price
$395,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bethlehem have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Bethlehem was $395,000 in April 2024, up 11.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195.9K | N/A |
| 2 Bedrooms | $257.5K | $290K | +12.6% |
| 3 Bedrooms | $307.5K | $350.5K | +14.0% |
| 4 Bedrooms | $452.4K | $465K | +2.8% |
| 5+ Bedrooms | $425K | $685K | +61.2% |
Summary: Bethlehem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 61.2%.
Median Sold Price Compared To Nearby Cities
| Delmar | $340K | $410K | +20.6% |
| Bethlehem | $354.5K | $395K | +11.4% |
| Albany | $250.1K | $272.5K | +8.9% |
| Glenmont | $385K | $371.2K | -3.6% |
| Slingerlands | $450K | $397K | -11.8% |
Housing Supply in Bethlehem, NY
How many homes are available in Bethlehem, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 59 | -18.1% |
Summary: The Bethlehem real estate market had 59 homes for sale in April 2024, a 18.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 26 | 21 | -19.2% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Bethlehem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethlehem, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Bethlehem in April 2024, down by 10.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 6% were sold at asking, and 71% were sold over asking.
Days on Market for Bethlehem, NY
How long does it take to sell a home in Bethlehem, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 22 Days | +184.8% |
Summary: Homes in Bethlehem had an average of 22 days on market in Apr 2024, up by 184.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bethlehem are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Bethlehem; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.