Is Marcellus, 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, Marcellus was a Seller's Market.
Housing Prices in Marcellus, NY
How much do homes in Marcellus, NY cost?
Median Sold Price
$255,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marcellus was $255,000 in May 2024, up 2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.9K | $210K | +10.6% |
2 Bedrooms | $225K | $276.5K | +22.9% |
3 Bedrooms | $253K | $245.4K | -3.0% |
4 Bedrooms | $250K | $285K | +14.0% |
5+ Bedrooms | $262.5K | $400K | +52.4% |
Summary: Marcellus housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 22.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 52.4%.
Housing Supply in Marcellus, NY
How many homes are available in Marcellus, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Summary: The Marcellus real estate market had 17 homes for sale in May 2024, a 30.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 6 | 11 | +83.3% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marcellus housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Marcellus in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Marcellus, NY
How long does it take to sell a home in Marcellus, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 39 Days | +431.8% |
Summary: Homes in Marcellus had an average of 39 days on market in May 2024, up by 431.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Marcellus; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.