Is Sennett, 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, Sennett has remained a Seller's Market.
Key Takeaway
Sennett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sennett, NY
How much do homes in Sennett, NY cost?
Median Sold Price
$325,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sennett have sold for 25% more than they did a year ago.
Summary: The median home sold price in Sennett was $325,000 in May 2024, up 25% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $133.5K | $167K | +25.1% |
| 3 Bedrooms | $278.4K | $224.9K | -19.2% |
| 4 Bedrooms | $272K | $382.4K | +40.6% |
| 5+ Bedrooms | $543.4K | $590K | +8.6% |
Summary: Sennett 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 25.1%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Owasco | $237.5K | $327K | +37.7% |
| Sennett | $260K | $325K | +25.0% |
| Auburn | $159.5K | $159K | -0.4% |
Housing Supply in Sennett, NY
How many homes are available in Sennett, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Sennett real estate market had 8 homes for sale in May 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sennett 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 Sennett, 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 Sennett in May 2024, up by 100.0% month-over-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 Sennett, NY
How long does it take to sell a home in Sennett, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 8 Days | -23.8% |
Summary: Homes in Sennett had an average of 8 days on market in May 2024, down by 23.8% 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 Sennett are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Sennett; 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.
