Is Salina, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Salina has remained a Seller's Market.
Key Takeaway
Salina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salina, NY
How much do homes in Salina, NY cost?
Median Sold Price
$199,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Salina have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Salina was $199,000 in May 2024, up 13.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.7K | $143.7K | 0% |
| 2 Bedrooms | $139K | $165K | +18.7% |
| 3 Bedrooms | $175K | $195K | +11.4% |
| 4 Bedrooms | $205K | $240K | +17.1% |
| 5+ Bedrooms | $247.5K | $250.5K | +1.2% |
Summary: Salina 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 18.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Salina, NY
How many homes are available in Salina, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 83 | +12.2% |
Summary: The Salina real estate market had 83 homes for sale in May 2024, a 12.2% 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 | 10 | 14 | +40.0% |
| 3 Bedrooms | 43 | 48 | +11.6% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Salina 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 increased by 40%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 26 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salina, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Salina in May 2024, up by 100.0% month-over-month. Of the 26 sold homes, 12% were sold under asking, 27% were sold at asking, and 62% were sold over asking.
Days on Market for Salina, NY
How long does it take to sell a home in Salina, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | -0.2% |
Summary: Homes in Salina had an average of 13 days on market in May 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salina are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Salina; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
