$240,000
50.17 Acres
Land
Steven Jewett, Listing Office: Jewett and Jewett LLC
Is Bovina, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bovina was a Seller's Market.
Key Takeaway
Bovina is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bovina, NY
How much do homes in Bovina, NY cost?
Median Sold Price
$359,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$29,100(-7.5%)
Key Takeaway
Homes in Bovina have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Bovina was $359,000 in October 2024, down 7.5% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $169.5K | -27.9% |
| 2 Bedrooms | $2.2M | $449K | -79.6% |
| 3 Bedrooms | $330K | - | N/A |
| 4 Bedrooms | $407K | $359K | -11.8% |
| 5+ Bedrooms | $412K | $850K | +106.3% |
Summary: Bovina housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.9%, 2 bedroom homes decreased by 79.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 106.3%.
Median Sold Price Compared To Nearby Cities
| Middletown | $349.4K | $370K | +5.9% |
| Bovina | $388.1K | $359K | -7.5% |
| Andes | $315K | $280K | -11.1% |
Housing Supply in Bovina, NY
How many homes are available in Bovina, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Bovina real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bovina housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bovina, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Bovina in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bovina, NY
How long does it take to sell a home in Bovina, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 97 Days | +592.9% |
Summary: Homes in Bovina had an average of 97 days on market in Oct 2024, up by 592.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Bovina are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Bovina; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
