Is Allerton, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allerton is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Allerton has remained a Buyer's Market.

Key Takeaway

Allerton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Allerton, NY

How much do homes in Allerton, NY cost?

Median Sold Price

$615,000

$241/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$190,000(+44.7%)

Key Takeaway

Homes in Allerton have sold for 44.7% more than they did a month ago.

Summary: The median home sold price in Allerton was $615,000 in April 2024, up 44.7% from last month, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$165.5K
N/A
2 $350K-
N/A
3 -$615K
N/A
4 $725K-
N/A
5+ -$807K
N/A

Summary: Allerton 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Allerton, NY

How many homes are available in Allerton, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5354+1.9%

Summary: The Allerton real estate market had 54 homes for sale in April 2024, a 1.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1617
+6.3%
2 1111
0.0%
3 89
+12.5%
4 87
-12.5%
5+ 1010
0.0%

Summary: The Allerton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allerton, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Allerton in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Allerton, NY

How long does it take to sell a home in Allerton, NY?

Average Sale Time

Mar 2024Apr 2024CHANGE
87 Days102 Days+16.9%

Summary: Homes in Allerton had an average of 102 days on market in Apr 2024, up by 16.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Allerton are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Allerton; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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