Is Deerfield, 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, Deerfield was a Neutral Market.
Key Takeaway
Deerfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deerfield, NY
How much do homes in Deerfield, NY cost?
Median Sold Price
$237,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Deerfield have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Deerfield was $237,500 in May 2024, up 3.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162K | $196.5K | +21.3% |
| 3 Bedrooms | $235.9K | $248.7K | +5.4% |
| 4 Bedrooms | $224K | $331K | +47.8% |
| 5+ Bedrooms | $338K | - | N/A |
Summary: Deerfield 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 21.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Deerfield | $229.5K | $237.5K | +3.5% |
| Trenton | $238K | $233.5K | -1.9% |
| Marcy | $299.9K | $245K | -18.3% |
Housing Supply in Deerfield, NY
How many homes are available in Deerfield, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Deerfield real estate market had 11 homes for sale in May 2024, a 57.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Deerfield 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
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 Deerfield, 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 Deerfield in May 2024, up by 200.0% 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 Deerfield, NY
How long does it take to sell a home in Deerfield, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 20 Days | -20.5% |
Summary: Homes in Deerfield had an average of 20 days on market in May 2024, down by 20.5% 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 Deerfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Deerfield; 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.
