Is South 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, South Blooming Grove was a Neutral Market.
Key Takeaway
South Blooming Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Blooming Grove, NY
How much do homes in South Blooming Grove, NY cost?
Median Sold Price
$660,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Blooming Grove have sold for 10% more than they did a year ago.
Summary: The median home sold price in South Blooming Grove was $660,000 in March 2024, up 10% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $196K | +20.2% |
| 2 Bedrooms | $220K | $245K | +11.4% |
| 3 Bedrooms | $610K | $677.5K | +11.1% |
| 4 Bedrooms | $682.5K | $760K | +11.4% |
| 5+ Bedrooms | $707K | $734.4K | +3.9% |
Summary: South Blooming Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Highland Mills | $460K | $511.2K | +11.1% |
| South Blooming Grove | $600K | $660K | +10.0% |
| Woodbury | $631.5K | $680K | +7.7% |
| Blooming Grove | $440K | $457.5K | +4.0% |
Housing Supply in South Blooming Grove, NY
How many homes are available in South Blooming Grove, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The South Blooming Grove real estate market had 29 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 | 4 | 4 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South 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 6 homes were sold or pending in South Blooming Grove in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Blooming Grove, NY
How long does it take to sell a home in South Blooming Grove, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 46 Days | -5.7% |
Summary: Homes in South Blooming Grove had an average of 46 days on market in Mar 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Blooming Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in South Blooming Grove; 50% of homes were sold within 30 days, 33% 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.