Is Cape Vincent, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cape Vincent was a Buyer's Market.
Key Takeaway
Cape Vincent is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cape Vincent, NY
How much do homes in Cape Vincent, NY cost?
Median Sold Price
$245,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cape Vincent have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Cape Vincent was $245,000 in April 2024, down 10.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $179.5K | $208.5K | +16.2% |
| 3 Bedrooms | $262.4K | $320K | +21.9% |
| 4 Bedrooms | $372.4K | $286.5K | -23.1% |
| 5+ Bedrooms | $652.5K | $227.5K | -65.1% |
Summary: Cape Vincent housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 21.9%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 65.1%.
Housing Supply in Cape Vincent, NY
How many homes are available in Cape Vincent, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Cape Vincent real estate market had 10 homes for sale in April 2024, a 42.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cape Vincent 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 remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cape Vincent, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cape Vincent in April 2024, up by 100.0% month-over-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 Cape Vincent, NY
How long does it take to sell a home in Cape Vincent, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 16 Days | +450.0% |
Summary: Homes in Cape Vincent had an average of 16 days on market in Apr 2024, up by 450% 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
Key Takeaway
Many homes in Cape Vincent are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Cape Vincent; 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.
