Is Pomona, 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, Pomona was a Seller's Market.
Housing Prices in Pomona, NY
How much do homes in Pomona, NY cost?
Median Sold Price
$380,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pomona was $380,000 in May 2024, down 8.4% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $236.5K | +7.5% |
2 Bedrooms | $317K | $331.5K | +4.6% |
3 Bedrooms | $513K | $565K | +10.1% |
4 Bedrooms | $750K | $725.5K | -3.3% |
5+ Bedrooms | $945K | $952K | +0.7% |
Summary: Pomona housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
Wesley Hills | $850K | $976.5K | +14.9% |
Ramapo | $658.5K | $705.9K | +7.2% |
Pomona | $415K | $380K | -8.4% |
Housing Supply in Pomona, NY
How many homes are available in Pomona, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Pomona real estate market had 48 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Pomona housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Pomona in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Pomona, NY
How long does it take to sell a home in Pomona, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 136 Days | +306.4% |
Summary: Homes in Pomona had an average of 136 days on market in May 2024, up by 306.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Pomona; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.