Is Canandaigua, 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, Canandaigua has remained a Seller's Market.
Key Takeaway
Canandaigua is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canandaigua, NY
How much do homes in Canandaigua, NY cost?
Median Sold Price
$330,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Canandaigua have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Canandaigua was $330,000 in March 2024, up 7.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329K | $232.5K | -29.3% |
| 2 Bedrooms | $281.5K | $305K | +8.3% |
| 3 Bedrooms | $298K | $336K | +12.8% |
| 4 Bedrooms | $344K | $348K | +1.2% |
| 5+ Bedrooms | $448.5K | $519.5K | +15.8% |
Summary: Canandaigua housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in Canandaigua, NY
How many homes are available in Canandaigua, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 73 | +12.3% |
Summary: The Canandaigua real estate market had 73 homes for sale in March 2024, a 12.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Canandaigua 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canandaigua, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Canandaigua in March 2024, the same as the previous month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Canandaigua, NY
How long does it take to sell a home in Canandaigua, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 39 Days | +93.1% |
Summary: Homes in Canandaigua had an average of 39 days on market in Mar 2024, up by 93.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canandaigua are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Canandaigua; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
