Is Akron, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Akron has remained a Seller's Market.
Housing Prices in Akron, NY
How much do homes in Akron, NY cost?
Median Sold Price
$325,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Akron was $325,000 in March 2024, up 14% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $176.3K | $175K | -0.7% |
3 Bedrooms | $280K | $331.5K | +18.4% |
4 Bedrooms | $300K | $305K | +1.7% |
5+ Bedrooms | $330K | $500.5K | +51.7% |
Summary: Akron housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 51.7%.
Median Sold Price Compared To Nearby Cities
Akron | $285K | $325K | +14.0% |
Newstead | $295K | $325K | +10.2% |
Housing Supply in Akron, NY
How many homes are available in Akron, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The Akron real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Akron housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
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 Akron in March 2024, the same as the previous 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 Akron, NY
How long does it take to sell a home in Akron, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 5 Days | -80.5% |
Summary: Homes in Akron had an average of 5 days on market in Mar 2024, down by 80.5% compared to last year.
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 March 2024, 2 homes were sold in Akron; 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.