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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Suffern is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Suffern has remained a Seller's Market.

Key Takeaway

Suffern is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Suffern, NY

How much do homes in Suffern, NY cost?

Median Sold Price

$637,833

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$160,433(+33.6%)

Key Takeaway

Homes in Suffern have sold for 33.6% more than they did a year ago.

Summary: The median home sold price in Suffern was $637,833 in December 2024, up 33.6% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $173K$254.6K
+47.2%
2 $352.5K$378K
+7.2%
3 $481.6K$544.5K
+13.1%
4 $692.5K$836K
+20.7%
5+ $900K$1.2M
+38.9%

Summary: Suffern housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.2%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 38.9%.

Median Sold Price Compared To Nearby Cities

Suffern
+33.6%
Ramapo
+16.9%
Montebello
+10.1%
Airmont
+5.8%

Housing Supply in Suffern, NY

How many homes are available in Suffern, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
12095-20.8%

Summary: The Suffern real estate market had 95 homes for sale in December 2024, a 20.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 168
-50.0%
2 2624
-7.7%
3 1917
-10.5%
4 2617
-34.6%
5+ 3329
-12.1%

Summary: The Suffern housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 34.6%, and 5+ bedroom homes decreased by 12.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3023-23.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Suffern, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Suffern in December 2024, down by 23.3% month-over-month. Of the 23 sold homes, 48% were sold under asking, 9% were sold at asking, and 43% were sold over asking.

Days on Market for Suffern, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
24 Days53 Days+118.7%

Summary: Homes in Suffern had an average of 53 days on market in Dec 2024, up by 118.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 23 homes were sold in Suffern; 30% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in Suffern, NY

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