Is Phelps, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Phelps has remained a Seller's Market.
Housing Prices in Phelps, NY
How much do homes in Phelps, NY cost?
Median Sold Price
$354,750
$183/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Phelps was $354,750 in April 2024, up 54.2% from last month, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | - | N/A |
2 Bedrooms | $240K | - | N/A |
3 Bedrooms | $230K | $432K | +87.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | $277.5K | N/A |
Summary: Phelps 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 did not change, 3 bedroom homes increased by 87.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Phelps, NY
How many homes are available in Phelps, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Summary: The Phelps real estate market had 7 homes for sale in April 2024, a 30.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Phelps housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
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 Phelps in April 2024, down by 60.0% 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 Phelps, NY
How long does it take to sell a home in Phelps, NY?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 7 Days | -44.9% |
Summary: Homes in Phelps had an average of 7 days on market in Apr 2024, down by 44.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Phelps; 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.