Is Busti, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Busti has remained a Seller's Market.
Key Takeaway
Busti is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Busti, NY
How much do homes in Busti, NY cost?
Median Sold Price
$206,500
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Busti have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Busti was $206,500 in April 2024, down 1.7% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $230K | +21.1% |
| 2 Bedrooms | $141.2K | $110K | -22.1% |
| 3 Bedrooms | $210K | $200K | -4.8% |
| 4 Bedrooms | $307.5K | $279K | -9.3% |
| 5+ Bedrooms | $344.4K | $243.7K | -29.2% |
Summary: Busti housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 29.2%.
Housing Supply in Busti, NY
How many homes are available in Busti, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 30 | -21.1% |
Summary: The Busti real estate market had 30 homes for sale in April 2024, a 21.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Busti 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 decreased by 57.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Busti, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Busti in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Busti, NY
How long does it take to sell a home in Busti, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 45 Days | +8.2% |
Summary: Homes in Busti had an average of 45 days on market in Apr 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Busti are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Busti; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
