Is New Bremen, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, New Bremen was a Seller's Market.
Key Takeaway
New Bremen is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in New Bremen, NY
How much do homes in New Bremen, NY cost?
Median Sold Price
$167,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Bremen have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in New Bremen was $167,000 in May 2024, down 1.3% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $87.2K | $219.9K | +152.2% |
| 3 Bedrooms | $175K | $185K | +5.7% |
| 4 Bedrooms | $168.5K | $152.5K | -9.5% |
| 5+ Bedrooms | $194.5K | $151K | -22.4% |
Summary: New Bremen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 152.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Watson | $154.5K | $156K | +1.0% |
| New Bremen | $169.2K | $167K | -1.3% |
Housing Supply in New Bremen, NY
How many homes are available in New Bremen, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The New Bremen real estate market had 7 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The New Bremen housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Bremen, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in New Bremen in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for New Bremen, NY
How long does it take to sell a home in New Bremen, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 2 Days | -80.0% |
Summary: Homes in New Bremen had an average of 2 days on market in May 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Bremen are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in New Bremen; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
