Is Virgil, 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, Virgil was a Buyer's Market.
Key Takeaway
Virgil is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Virgil, NY
How much do homes in Virgil, NY cost?
Median Sold Price
$220,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Virgil have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Virgil was $220,000 in May 2024, up 11.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $9.2K | $42K | +356.5% |
| 2 Bedrooms | $130K | $161K | +23.8% |
| 3 Bedrooms | $221.7K | $259K | +16.8% |
| 4 Bedrooms | $242K | $230K | -5.0% |
| 5+ Bedrooms | $395K | $277.5K | -29.7% |
Summary: Virgil housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 356.5%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Virgil | $197.5K | $220K | +11.4% |
| Cortlandville | $210K | $192K | -8.6% |
Housing Supply in Virgil, NY
How many homes are available in Virgil, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Summary: The Virgil real estate market had 15 homes for sale in May 2024, a 31.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Virgil 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 28.6%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Virgil, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Virgil in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Virgil, NY
How long does it take to sell a home in Virgil, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 11 Days | +266.7% |
Summary: Homes in Virgil had an average of 11 days on market in May 2024, up by 266.7% compared to last year.
Breakdown of Home Sale Times
3 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 Virgil are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Virgil; 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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.