Is Canisteo, 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, Canisteo was a Buyer's Market.
Key Takeaway
Canisteo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canisteo, NY
How much do homes in Canisteo, NY cost?
Median Sold Price
$109,387
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Canisteo have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Canisteo was $109,387 in May 2024, down 8.5% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.5K | - | N/A |
| 2 Bedrooms | $90K | $103.7K | +15.3% |
| 3 Bedrooms | $130.4K | $98.5K | -24.5% |
| 4 Bedrooms | $117.4K | $163.4K | +39.2% |
| 5+ Bedrooms | $190K | $171.9K | -9.5% |
Summary: Canisteo 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 15.3%, 3 bedroom homes decreased by 24.5%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in Canisteo, NY
How many homes are available in Canisteo, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Canisteo real estate market had 14 homes for sale in May 2024, a 6.7% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Canisteo 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 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Canisteo, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Canisteo in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Canisteo, NY
How long does it take to sell a home in Canisteo, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 19 Days | +293.3% |
Summary: Homes in Canisteo had an average of 19 days on market in May 2024, up by 293.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canisteo are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Canisteo; 67% of homes were sold within 30 days, 33% 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.