Is De Witt, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, De Witt has remained a Seller's Market.
Housing Prices in De Witt, NY
How much do homes in De Witt, NY cost?
Median Sold Price
$267,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in De Witt was $267,500 in April 2024, up 7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $121K | +13.1% |
2 Bedrooms | $165.7K | $161.7K | -2.4% |
3 Bedrooms | $210K | $230.7K | +9.9% |
4 Bedrooms | $315K | $337.5K | +7.1% |
5+ Bedrooms | $515K | $382.7K | -25.7% |
Summary: De Witt housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 25.7%.
Median Sold Price Compared To Nearby Cities
East Syracuse | $180K | $221K | +22.8% |
Jamesville | $340K | $402.5K | +18.4% |
Salina | $175K | $198K | +13.1% |
De Witt | $250K | $267.5K | +7.0% |
Syracuse | $165K | $170.2K | +3.2% |
Housing Supply in De Witt, NY
How many homes are available in De Witt, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 74 | -5.1% |
Summary: The De Witt real estate market had 74 homes for sale in April 2024, a 5.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 28 | 27 | -3.6% |
5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The De Witt housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in De Witt in April 2024, up by 25.0% month-over-month. Of the 20 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for De Witt, NY
How long does it take to sell a home in De Witt, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 26 Days | +62.8% |
Summary: Homes in De Witt had an average of 26 days on market in Apr 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in De Witt; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.