$6,591 Closing Credit*
$555,000
1,451 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is Ramapo, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Ramapo was a Seller's Market.
Key Takeaway
Ramapo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ramapo, NY
How much do homes in Ramapo, NY cost?
Median Sold Price
$750,000
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$95,200(+14.5%)
Key Takeaway
Homes in Ramapo have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Ramapo was $750,000 in September 2024, up 14.5% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $143K | +19.2% |
| 2 Bedrooms | $341.5K | $385K | +12.7% |
| 3 Bedrooms | $550K | $585.9K | +6.5% |
| 4 Bedrooms | $745K | $825K | +10.7% |
| 5+ Bedrooms | $980K | $1.1M | +12.2% |
Summary: Ramapo housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Ramapo | $654.8K | $750K | +14.5% |
| Airmont | $760K | $815K | +7.2% |
| Montebello | $850K | $894.9K | +5.3% |
| Monsey | $872.5K | $902.5K | +3.4% |
Housing Supply in Ramapo, NY
How many homes are available in Ramapo, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 414 | 446 | +7.7% |
Summary: The Ramapo real estate market had 446 homes for sale in September 2024, a 7.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 31 | +10.7% |
| 2 Bedrooms | 49 | 47 | -4.1% |
| 3 Bedrooms | 73 | 77 | +5.5% |
| 4 Bedrooms | 130 | 135 | +3.8% |
| 5+ Bedrooms | 134 | 156 | +16.4% |
Summary: The Ramapo housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 16.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 58 | 61 | +5.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramapo, you could pay more than the asking price. 49.2% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Ramapo in September 2024, up by 5.2% month-over-month. Of the 61 sold homes, 41% were sold under asking, 10% were sold at asking, and 49% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 37 Days | +26.5% |
Summary: Homes in Ramapo had an average of 37 days on market in Sep 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramapo are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 61 homes were sold in Ramapo; 59% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 7% 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. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.