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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mamakating is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mamakating was a Seller's Market.

Key Takeaway

Mamakating is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mamakating, NY

How much do homes in Mamakating, NY cost?

Median Sold Price

$350,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+11.1%)

Key Takeaway

Homes in Mamakating have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Mamakating was $350,000 in November 2024, up 11.1% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $129.8K$184.5K
+42.1%
2 $198.5K$270K
+36.0%
3 $351K$360K
+2.6%
4 $429.5K$495K
+15.3%
5+ $431K$395K
-8.4%

Summary: Mamakating housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 36%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

Wurtsboro
+36.7%
Bloomingburg
+20.3%
Mamakating
+11.1%

Housing Supply in Mamakating, NY

How many homes are available in Mamakating, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8777-11.5%

Summary: The Mamakating real estate market had 77 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1920
+5.3%
3 3932
-17.9%
4 2120
-4.8%
5+ 52
-60.0%

Summary: The Mamakating housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mamakating, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Mamakating in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Mamakating, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days60 Days-4.0%

Summary: Homes in Mamakating had an average of 60 days on market in Nov 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mamakating has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Mamakating; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Mamakating, NY

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