Is 13501, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 13501 was a Seller's Market.
Key Takeaway
13501 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 13501, NY
How much do homes in 13501, NY cost?
Median Sold Price
$170,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 13501 have sold for 10.1% less than they did a year ago.
Summary: The median home sold price in 13501 was $170,000 in April 2024, down 10.1% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $181.3K | $187K | +3.1% |
| 3 Bedrooms | $182.3K | $185K | +1.5% |
| 4 Bedrooms | $207.2K | $169.9K | -18.0% |
| 5+ Bedrooms | $205K | $150K | -26.8% |
Summary: 13501 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 3.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 26.8%.
Housing Supply in 13501, NY
How many homes are available in 13501, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 75 | -1.3% |
Summary: The 13501 real estate market had 75 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 32 | 23 | -28.1% |
| 5+ Bedrooms | 13 | 20 | +53.8% |
Summary: The 13501 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes increased by 53.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 13501, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 13501 in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 13501, NY
How long does it take to sell a home in 13501, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 53 Days | +8.0% |
Summary: Homes in 13501 had an average of 53 days on market in Apr 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 13501 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in 13501; 70% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
