Is Akron, 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, Akron was a Seller's Market.
Housing Prices in Akron, NY
How much do homes in Akron, NY cost?
Median Sold Price
$312,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Akron was $312,500 in May 2024, up 4.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $172.6K | $207.5K | +20.2% |
3 Bedrooms | $300K | $320K | +6.7% |
4 Bedrooms | $295K | $335K | +13.6% |
5+ Bedrooms | $520K | $380K | -26.9% |
Summary: Akron 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 20.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Cities
Akron | $300K | $312.5K | +4.2% |
Newstead | $322K | $320K | -0.6% |
Housing Supply in Akron, NY
How many homes are available in Akron, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Summary: The Akron real estate market had 19 homes for sale in May 2024, a 35.7% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Akron 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 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Akron in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Akron, NY
How long does it take to sell a home in Akron, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 11 Days | -64.5% |
Summary: Homes in Akron had an average of 11 days on market in May 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Akron; 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.