Is Chenango County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chenango County was a Seller's Market.
Key Takeaway
Chenango County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chenango County, NY
How much do homes in Chenango County, NY cost?
Median Sold Price
$175,000
$85/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Chenango County have sold for 2.9% more than they did a month ago.
Summary: The median home sold price in Chenango County was $175,000 in March 2024, up 2.9% from last month, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $132.5K | +47.2% |
| 3 Bedrooms | $146.2K | $155.3K | +6.2% |
| 4 Bedrooms | $170K | $253.7K | +49.3% |
| 5+ Bedrooms | $325K | $255K | -21.5% |
Summary: Chenango County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 49.3%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Counties
| Chenango County | $170K | $175K | +2.9% |
| Delaware County | $135K | $138K | +2.2% |
| Otsego County | $220.5K | $164.5K | -25.4% |
Housing Supply in Chenango County, NY
How many homes are available in Chenango County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 148 | 133 | -10.1% |
Summary: The Chenango County real estate market had 133 homes for sale in March 2024, a 10.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 54 | 49 | -9.3% |
| 4 Bedrooms | 38 | 36 | -5.3% |
| 5+ Bedrooms | 27 | 23 | -14.8% |
Summary: The Chenango County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 14.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 13 | -50.0% |
Asking Price vs. Sold Price
10 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 Chenango County, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Chenango County in March 2024, down by 50.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.
Days on Market for Chenango County, NY
How long does it take to sell a home in Chenango County, NY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 140 Days | 66 Days | -52.7% |
Summary: Homes in Chenango County had an average of 66 days on market in Mar 2024, down by 52.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chenango County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Chenango County; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.