Is Owasco, 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, Owasco was a Seller's Market.
Key Takeaway
Owasco is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Owasco, NY
How much do homes in Owasco, NY cost?
Median Sold Price
$327,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Owasco have sold for 37.7% more than they did a year ago.
Summary: The median home sold price in Owasco was $327,000 in May 2024, up 37.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $560K | +220.0% |
| 2 Bedrooms | $435.2K | $350K | -19.6% |
| 3 Bedrooms | $237.5K | $239K | +0.6% |
| 4 Bedrooms | $205K | $600K | +192.7% |
| 5+ Bedrooms | $649.9K | $785K | +20.8% |
Summary: Owasco housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 220%, 2 bedroom homes decreased by 19.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 192.7%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
| Owasco | $237.5K | $327K | +37.7% |
| Sennett | $260K | $325K | +25.0% |
| Fleming | $215K | $214.9K | 0% |
| Auburn | $159.5K | $159K | -0.4% |
Housing Supply in Owasco, NY
How many homes are available in Owasco, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Owasco real estate market had 17 homes for sale in May 2024, a 13.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Owasco 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Owasco, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Owasco in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Owasco, NY
How long does it take to sell a home in Owasco, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 3 Days | -62.5% |
Summary: Homes in Owasco had an average of 3 days on market in May 2024, down by 62.5% compared to last year.
Breakdown of Home Sale Times
2 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 Owasco are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Owasco; 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.
