Is Prattsburgh, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Prattsburgh was a Neutral Market.
Key Takeaway
Prattsburgh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prattsburgh, NY
How much do homes in Prattsburgh, NY cost?
Median Sold Price
$257,500
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Prattsburgh have sold for 56.1% more than they did a year ago.
Summary: The median home sold price in Prattsburgh was $257,500 in April 2024, up 56.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.7K | $105K | +67.3% |
| 2 Bedrooms | $232.5K | $260K | +11.8% |
| 3 Bedrooms | $144.9K | $309K | +113.3% |
| 4 Bedrooms | $275K | $260K | -5.5% |
| 5+ Bedrooms | $117.5K | - | N/A |
Summary: Prattsburgh housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 113.3%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Prattsburgh | $164.9K | $257.5K | +56.1% |
| Jerusalem | $244K | $360K | +47.5% |
| Pulteney | $555K | $625K | +12.6% |
Housing Supply in Prattsburgh, NY
How many homes are available in Prattsburgh, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Prattsburgh real estate market had 9 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Prattsburgh housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prattsburgh, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Prattsburgh in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Prattsburgh, NY
How long does it take to sell a home in Prattsburgh, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 1 Days | -81.0% |
Summary: Homes in Prattsburgh had an average of 1 days on market in Apr 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prattsburgh are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Prattsburgh; 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.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.