$49,900
1.16 Acres
Land
Elizabeth Barr, Listing Office: Foothills Realty
Is Broome, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Broome has remained a Seller's Market.
Key Takeaway
Broome is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broome, NY
How much do homes in Broome, NY cost?
Median Sold Price
$200,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-8.0%)
Key Takeaway
Homes in Broome have sold for 8% less than they did a year ago.
Summary: The median home sold price in Broome was $200,000 in October 2024, down 8% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $215K | $111K | -48.4% |
| 3 Bedrooms | $297.5K | $155K | -47.9% |
| 4 Bedrooms | $124.8K | $295K | +136.2% |
| 5+ Bedrooms | $885K | - | N/A |
Summary: Broome housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.4%, 3 bedroom homes decreased by 47.9%, 4 bedroom homes increased by 136.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gilboa | $223K | $267.4K | +19.9% |
| Preston Hollow | $217.5K | $230K | +5.7% |
| Broome | $217.5K | $200K | -8.0% |
Housing Supply in Broome, NY
How many homes are available in Broome, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Broome real estate market had 7 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broome housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broome, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Broome in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Broome, NY
How long does it take to sell a home in Broome, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 92 Days | +475.0% |
Summary: Homes in Broome had an average of 92 days on market in Oct 2024, up by 475% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Broome are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Broome; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.