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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bethlehem is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Bethlehem has remained a Seller's Market.

Key Takeaway

Bethlehem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bethlehem, NY

How much do homes in Bethlehem, NY cost?

Median Sold Price

$400,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+8.1%)

Key Takeaway

Homes in Bethlehem have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Bethlehem was $400,000 in November 2024, up 8.1% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195.9K-
N/A
2 $253.5K$295K
+16.4%
3 $335K$365K
+9.0%
4 $449.9K$458.5K
+1.9%
5+ $547.5K$604.9K
+10.5%

Summary: Bethlehem housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Cities

Slingerlands
+22.4%
Delmar
+8.6%
Bethlehem
+8.1%
Albany
+7.8%
Glenmont
+2.9%

Housing Supply in Bethlehem, NY

How many homes are available in Bethlehem, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8571-16.5%

Summary: The Bethlehem real estate market had 71 homes for sale in November 2024, a 16.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 98
-11.1%
3 3430
-11.8%
4 3024
-20.0%
5+ 119
-18.2%

Summary: The Bethlehem housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bethlehem, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Bethlehem in November 2024, up by 20.0% month-over-month. Of the 24 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.

Days on Market for Bethlehem, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days12 Days-14.2%

Summary: Homes in Bethlehem had an average of 12 days on market in Nov 2024, down by 14.2% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in Bethlehem; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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