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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Auburn has remained a Seller's Market.

Key Takeaway

Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Auburn, NY cost?

Median Sold Price

$142,750

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$15,750(+12.4%)

Key Takeaway

Homes in Auburn have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $118K$247.5K
+109.7%
2 $106.5K$118K
+10.8%
3 $133.7K$140.5K
+5.0%
4 $138K$150K
+8.7%
5+ $138.7K$144K
+3.8%

Median Sold Price Compared To Nearby Cities

Auburn
+12.4%
Owasco
-17.8%

How many homes are available in Auburn, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
6858-14.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 119
-18.2%
3 3730
-18.9%
4 1413
-7.1%
5+ 66
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
1513-13.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
31 Days41 Days+34.2%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Auburn, NY

Auburn, NY has 58 homes on the market. The number of homes for sale in Auburn, NY decreased by 14.7% between November 2022 and December 2022. The median list price of listings available in December 2022 was $142,750, while the average time on the real estate market was 41 days. Real estate listing prices changed between November 2022 and December 2022: the cost of 1 bedroom properties went up by 109.7%, 2 bedrooms properties prices increased by 10.8%, 3 bedrooms properties prices increased by 5%, the cost of 4 bedrooms properties went up by 8.7%, 5 bedrooms properties became 3.8% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 18.2%, volume of 3 bedrooms homes went down by 18.9%, 4 bedrooms homes inventory decreased by 7.1%, number of 5 bedrooms homes remained the same. In December 2022 more than 4 listings in Auburn, NY were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below.