Is Blossvale, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Blossvale was a Buyer's Market.
Key Takeaway
Blossvale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blossvale, NY
How much do homes in Blossvale, NY cost?
Median Sold Price
$192,850
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blossvale have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Blossvale was $192,850 in May 2024, up 7.1% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $70K | N/A |
| 2 Bedrooms | $168K | $189.5K | +12.8% |
| 3 Bedrooms | $150K | $195.7K | +30.5% |
| 4 Bedrooms | $200.5K | $200K | -0.2% |
| 5+ Bedrooms | $300K | $189.9K | -36.7% |
Summary: Blossvale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 30.5%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 36.7%.
Housing Supply in Blossvale, NY
How many homes are available in Blossvale, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Blossvale real estate market had 12 homes for sale in May 2024, a 25.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Blossvale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Blossvale, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Blossvale in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Blossvale, NY
How long does it take to sell a home in Blossvale, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 18 Days | +511.1% |
Summary: Homes in Blossvale had an average of 18 days on market in May 2024, up by 511.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blossvale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Blossvale; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
