Is Bloomingburg, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingburg is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Bloomingburg was a Seller's Market.

Key Takeaway

Bloomingburg 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 Bloomingburg, NY

How much do homes in Bloomingburg, NY cost?

Median Sold Price

$420,500

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$31,000(+8.0%)

Key Takeaway

Homes in Bloomingburg have sold for 8% more than they did a year ago.

Summary: The median home sold price in Bloomingburg was $420,500 in August 2024, up 8% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $115K-
N/A
2 $264K$260K
-1.5%
3 $389.5K$405K
+4.0%
4 $504.5K$540K
+7.0%
5+ $453K$220K
-51.4%

Summary: Bloomingburg housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 51.4%.

Median Sold Price Compared To Nearby Cities

Bloomingburg
+8.0%
Wallkill
+6.6%
Mamakating
-5.4%

Housing Supply in Bloomingburg, NY

How many homes are available in Bloomingburg, NY?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2935+20.7%

Summary: The Bloomingburg real estate market had 35 homes for sale in August 2024, a 20.7% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1415
+7.1%
4 1113
+18.2%
5+ 01
+100.0%

Summary: The Bloomingburg housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingburg, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Bloomingburg in August 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.

Days on Market for Bloomingburg, NY

How long does it take to sell a home in Bloomingburg, NY?

Average Sale Time

Aug 2023Aug 2024CHANGE
96 Days52 Days-45.5%

Summary: Homes in Bloomingburg had an average of 52 days on market in Aug 2024, down by 45.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bloomingburg are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 5 homes were sold in Bloomingburg; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Bloomingburg, NY

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