Is Suffern, 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, Suffern was a Seller's Market.
Housing Prices in Suffern, NY
How much do homes in Suffern, NY cost?
Median Sold Price
$522,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Suffern was $522,500 in March 2024, up 2.5% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $201K | -0.7% |
2 Bedrooms | $315K | $355K | +12.7% |
3 Bedrooms | $450K | $529.7K | +17.7% |
4 Bedrooms | $715K | $739K | +3.4% |
5+ Bedrooms | $867.5K | $994.5K | +14.6% |
Summary: Suffern housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
Airmont | $735K | $810K | +10.2% |
Ramapo | $659.6K | $692.1K | +4.9% |
Suffern | $510K | $522.5K | +2.5% |
Montebello | $850K | $865K | +1.8% |
Housing Supply in Suffern, NY
How many homes are available in Suffern, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 118 | +2.6% |
Summary: The Suffern real estate market had 118 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 13 | -13.3% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 25 | 26 | +4.0% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 37 | 38 | +2.7% |
Summary: The Suffern housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Suffern in March 2024, down by 26.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Suffern, NY
How long does it take to sell a home in Suffern, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 51 Days | -17.3% |
Summary: Homes in Suffern had an average of 51 days on market in Mar 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Suffern; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.