$10,000 Closing Credit*
$1,299,000
2,500 SqFt
6 Beds
•3 Full Baths, 1 Partial
Listing Office: Keller Williams Hudson Valley
Is Ramapo, 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, Ramapo has remained a Buyer's Market.
Key Takeaway
Ramapo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ramapo, NY
How much do homes in Ramapo, NY cost?
Median Sold Price
$752,416
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$88,962(+13.4%)
Key Takeaway
Homes in Ramapo have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Ramapo was $752,416 in October 2024, up 13.4% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $154K | +28.3% |
| 2 Bedrooms | $350K | $395K | +12.9% |
| 3 Bedrooms | $567.5K | $585K | +3.1% |
| 4 Bedrooms | $750K | $828.5K | +10.5% |
| 5+ Bedrooms | $999K | $1.1M | +10.1% |
Summary: Ramapo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Ramapo | $663.4K | $752.4K | +13.4% |
| Montebello | $845K | $902.7K | +6.8% |
| Airmont | $772.5K | $815K | +5.5% |
| Monsey | $887.5K | $895K | +0.8% |
Housing Supply in Ramapo, NY
How many homes are available in Ramapo, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 424 | 428 | +0.9% |
Summary: The Ramapo real estate market had 428 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 41 | +32.3% |
| 2 Bedrooms | 47 | 50 | +6.4% |
| 3 Bedrooms | 79 | 76 | -3.8% |
| 4 Bedrooms | 125 | 120 | -4.0% |
| 5+ Bedrooms | 142 | 141 | -0.7% |
Summary: The Ramapo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 0.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 47 | -27.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ramapo, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Ramapo in October 2024, down by 27.7% month-over-month. Of the 47 sold homes, 34% were sold under asking, 19% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 46 Days | +2.4% |
Summary: Homes in Ramapo had an average of 46 days on market in Oct 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 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 October 2024, 47 homes were sold in Ramapo; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% 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.