Is Clay, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clay has remained a Seller's Market.
Key Takeaway
Clay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clay, NY
How much do homes in Clay, NY cost?
Median Sold Price
$250,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clay have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Clay was $250,000 in May 2024, up 13.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $182.4K | N/A |
| 2 Bedrooms | $167.5K | $185.4K | +10.7% |
| 3 Bedrooms | $206.8K | $240K | +16.1% |
| 4 Bedrooms | $251K | $279.9K | +11.5% |
| 5+ Bedrooms | $391K | $399.9K | +2.3% |
Summary: Clay 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 10.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| North Syracuse | $170K | $194K | +14.1% |
| Schroeppel | $193.5K | $220K | +13.7% |
| Clay | $220.2K | $250K | +13.5% |
| Brewerton | $250K | $276.5K | +10.6% |
Housing Supply in Clay, NY
How many homes are available in Clay, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 139 | 126 | -9.4% |
Summary: The Clay real estate market had 126 homes for sale in May 2024, a 9.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 13 | -31.6% |
| 3 Bedrooms | 71 | 63 | -11.3% |
| 4 Bedrooms | 43 | 41 | -4.7% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Clay 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 decreased by 31.6%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clay, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Clay in May 2024, up by 7.7% month-over-month. Of the 28 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Clay, NY
How long does it take to sell a home in Clay, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 8 Days | -32.7% |
Summary: Homes in Clay had an average of 8 days on market in May 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clay are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Clay; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.