Is Blooming Grove, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Blooming Grove was a Seller's Market.
Key Takeaway
Blooming Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Blooming Grove, NY
How much do homes in Blooming Grove, NY cost?
Median Sold Price
$457,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blooming Grove have sold for 4% more than they did a year ago.
Summary: The median home sold price in Blooming Grove was $457,500 in March 2024, up 4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161K | $195K | +21.1% |
| 2 Bedrooms | $237.5K | $246K | +3.6% |
| 3 Bedrooms | $411.5K | $449.9K | +9.3% |
| 4 Bedrooms | $535K | $576.9K | +7.8% |
| 5+ Bedrooms | $603.5K | $720K | +19.3% |
Summary: Blooming Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Highland Mills | $460K | $511.2K | +11.1% |
| South Blooming Grove | $600K | $660K | +10.0% |
| Washingtonville | $460K | $484.7K | +5.4% |
| Blooming Grove | $440K | $457.5K | +4.0% |
| Salisbury Mills | $450K | $457.5K | +1.7% |
Housing Supply in Blooming Grove, NY
How many homes are available in Blooming Grove, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 108 | 0.0% |
Summary: The Blooming Grove real estate market had 108 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 41 | 43 | +4.9% |
| 4 Bedrooms | 32 | 28 | -12.5% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Blooming Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blooming Grove, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Blooming Grove in March 2024, the same as the previous month. Of the 18 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.
Days on Market for Blooming Grove, NY
How long does it take to sell a home in Blooming Grove, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 59 Days | -16.0% |
Summary: Homes in Blooming Grove had an average of 59 days on market in Mar 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Blooming Grove has remained consistent over time.
Summary: During March 2024, 18 homes were sold in Blooming Grove; 22% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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.