Is Pomona, 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, Pomona was a Seller's Market.
Key Takeaway
Pomona is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pomona, NY
How much do homes in Pomona, NY cost?
Median Sold Price
$370,144
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pomona have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Pomona was $370,144 in March 2024, down 9.7% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $230K | +4.5% |
| 2 Bedrooms | $313.5K | $330K | +5.3% |
| 3 Bedrooms | $544K | $562.3K | +3.4% |
| 4 Bedrooms | $715K | $725.5K | +1.5% |
| 5+ Bedrooms | $890K | $1.0M | +12.4% |
Summary: Pomona housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Ramapo | $659.6K | $692.1K | +4.9% |
| Pomona | $410K | $370.1K | -9.7% |
Housing Supply in Pomona, NY
How many homes are available in Pomona, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Summary: The Pomona real estate market had 46 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Pomona 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 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pomona, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Pomona in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Pomona, NY
How long does it take to sell a home in Pomona, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 100 Days | +63.9% |
Summary: Homes in Pomona had an average of 100 days on market in Mar 2024, up by 63.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pomona are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Pomona; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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.