Is Geddes, 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, Geddes has remained a Seller's Market.
Housing Prices in Geddes, NY
How much do homes in Geddes, NY cost?
Median Sold Price
$211,100
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Geddes was $211,100 in May 2024, up 14.1% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170.5K | $200K | +17.3% |
3 Bedrooms | $179K | $211K | +17.9% |
4 Bedrooms | $212.5K | $232.4K | +9.4% |
5+ Bedrooms | $280K | $184.9K | -34.0% |
Summary: Geddes 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 17.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 34%.
Housing Supply in Geddes, NY
How many homes are available in Geddes, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 44 | 0.0% |
Summary: The Geddes real estate market had 44 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 19 | 26 | +36.8% |
4 Bedrooms | 14 | 10 | -28.6% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Geddes 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 14.3%, 3 bedroom homes increased by 36.8%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Geddes in May 2024, the same as the previous month. Of the 14 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Geddes, NY
How long does it take to sell a home in Geddes, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 8 Days | +2.2% |
Summary: Homes in Geddes had an average of 8 days on market in May 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Geddes; 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.