Is Busti, 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, Busti was a Neutral Market.
Key Takeaway
Busti is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Busti, NY
How much do homes in Busti, NY cost?
Median Sold Price
$221,500
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Busti have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Busti was $221,500 in May 2024, up 5.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $151.5K | -20.3% |
| 2 Bedrooms | $140.6K | $109.9K | -21.8% |
| 3 Bedrooms | $219K | $220K | 0.5% |
| 4 Bedrooms | $285K | $290.5K | +1.9% |
| 5+ Bedrooms | $389.9K | $243.7K | -37.5% |
Summary: Busti housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes decreased by 21.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 37.5%.
Housing Supply in Busti, NY
How many homes are available in Busti, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The Busti real estate market had 38 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Busti housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Busti, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Busti in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Busti, NY
How long does it take to sell a home in Busti, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 61 Days | +196.1% |
Summary: Homes in Busti had an average of 61 days on market in May 2024, up by 196.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Busti are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Busti; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
