Is Penfield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Penfield has remained a Seller's Market.
Housing Prices in Penfield, NY
How much do homes in Penfield, NY cost?
Median Sold Price
$349,375
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Penfield was $349,375 in April 2024, up 8.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.5K | - | N/A |
2 Bedrooms | $225K | $243K | +8.0% |
3 Bedrooms | $285.5K | $310K | +8.6% |
4 Bedrooms | $380K | $417.5K | +9.9% |
5+ Bedrooms | $488.7K | $515K | +5.4% |
Summary: Penfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Brighton | $275K | $329.5K | +19.8% |
Irondequoit | $189.9K | $220.1K | +15.9% |
Webster | $305K | $345K | +13.1% |
Penfield | $323.3K | $349.3K | +8.1% |
Walworth | $255K | $275K | +7.8% |
Housing Supply in Penfield, NY
How many homes are available in Penfield, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 74 | +7.2% |
Summary: The Penfield real estate market had 74 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 26 | 28 | +7.7% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Penfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Penfield in April 2024, up by 26.3% month-over-month. Of the 24 sold homes, 4% were sold under asking, 8% were sold at asking, and 88% were sold over asking.
Days on Market for Penfield, NY
How long does it take to sell a home in Penfield, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 8 Days | +36.1% |
Summary: Homes in Penfield had an average of 8 days on market in Apr 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Penfield; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.