Is Chittenango, 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, Chittenango has remained a Seller's Market.
Key Takeaway
Chittenango is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chittenango, NY
How much do homes in Chittenango, NY cost?
Median Sold Price
$226,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chittenango have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Chittenango was $226,000 in March 2024, up 11.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $121.3K | $123K | +1.4% |
| 3 Bedrooms | $198.5K | $221K | +11.3% |
| 4 Bedrooms | $231.2K | $275K | +18.9% |
| 5+ Bedrooms | $250K | $505K | +102.0% |
Summary: Chittenango housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 102%.
Median Sold Price Compared To Nearby Cities
| Chittenango | $202.5K | $226K | +11.6% |
| Sullivan | $215K | $223K | +3.7% |
Housing Supply in Chittenango, NY
How many homes are available in Chittenango, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Chittenango real estate market had 29 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chittenango 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 11.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chittenango, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Chittenango in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Chittenango, NY
How long does it take to sell a home in Chittenango, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 14 Days | +284.0% |
Summary: Homes in Chittenango had an average of 14 days on market in Mar 2024, up by 284% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chittenango are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Chittenango; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
