$4,263 Closing Credit*
$359,000
1,111 SqFt
2 Beds
•2 Full Baths
Listing Office: Howard Hanna Rand Realty
Is Ramapo, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ramapo has remained a Seller's Market.
Key Takeaway
Ramapo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ramapo, NY
How much do homes in Ramapo, NY cost?
Median Sold Price
$767,833
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,333(+14.9%)
Key Takeaway
Homes in Ramapo have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Ramapo was $767,833 in November 2024, up 14.9% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.5K | $158.7K | +31.7% |
| 2 Bedrooms | $352K | $399K | +13.4% |
| 3 Bedrooms | $575K | $605K | +5.2% |
| 4 Bedrooms | $751.6K | $840K | +11.8% |
| 5+ Bedrooms | $999K | $1.1M | +10.1% |
Summary: Ramapo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Ramapo | $668.5K | $767.8K | +14.9% |
| Montebello | $855K | $915K | +7.0% |
| Airmont | $772.5K | $818K | +5.9% |
| Monsey | $880.5K | $902.5K | +2.5% |
Housing Supply in Ramapo, NY
How many homes are available in Ramapo, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 345 | 321 | -7.0% |
Summary: The Ramapo real estate market had 321 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 31 | -18.4% |
| 2 Bedrooms | 39 | 34 | -12.8% |
| 3 Bedrooms | 64 | 54 | -15.6% |
| 4 Bedrooms | 92 | 87 | -5.4% |
| 5+ Bedrooms | 112 | 115 | +2.7% |
Summary: The Ramapo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.4%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 66 | +40.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramapo, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.
Summary: A total of 66 homes were sold or pending in Ramapo in November 2024, up by 40.4% month-over-month. Of the 66 sold homes, 39% were sold under asking, 18% were sold at asking, and 42% were sold over asking.
Days on Market for Ramapo, NY
How long does it take to sell a home in Ramapo, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 43 Days | +27.1% |
Summary: Homes in Ramapo had an average of 43 days on market in Nov 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ramapo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 66 homes were sold in Ramapo; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.