Is Chenango County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chenango County was a Buyer's Market.
Housing Prices in Chenango County, NY
How much do homes in Chenango County, NY cost?
Median Sold Price
$175,000
$97/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Chenango County was $175,000 in April 2024, up 2% from last month, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58.5K | - | N/A |
2 Bedrooms | $174K | $65K | -62.6% |
3 Bedrooms | $155.3K | $170K | +9.5% |
4 Bedrooms | $197.5K | $185K | -6.3% |
5+ Bedrooms | $255K | $327.4K | +28.4% |
Summary: Chenango County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 62.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Counties
Otsego County | $169K | $226.5K | +34.0% |
Chenango County | $171.5K | $175K | +2.0% |
Housing Supply in Chenango County, NY
How many homes are available in Chenango County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 144 | +3.6% |
Summary: The Chenango County real estate market had 144 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 22 | 19 | -13.6% |
3 Bedrooms | 51 | 59 | +15.7% |
4 Bedrooms | 40 | 41 | +2.5% |
5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Chenango County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 28 | +75.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Chenango County in April 2024, up by 75.0% month-over-month. Of the 28 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Chenango County, NY
How long does it take to sell a home in Chenango County, NY?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 53 Days | -35.1% |
Summary: Homes in Chenango County had an average of 53 days on market in Apr 2024, down by 35.1% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Chenango County; 54% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.