Is De Witt, 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, De Witt has remained a Seller's Market.
Key Takeaway
De Witt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in De Witt, NY
How much do homes in De Witt, NY cost?
Median Sold Price
$275,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in De Witt have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in De Witt was $275,000 in March 2024, up 12.2% 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 | $107K | $121K | +13.1% |
| 2 Bedrooms | $149.9K | $165K | +10.1% |
| 3 Bedrooms | $208.7K | $225K | +7.8% |
| 4 Bedrooms | $320K | $335K | +4.7% |
| 5+ Bedrooms | $507.5K | $382.7K | -24.6% |
Summary: De Witt housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 24.6%.
Median Sold Price Compared To Nearby Cities
| East Syracuse | $182K | $220K | +20.9% |
| Salina | $174K | $196.4K | +12.9% |
| De Witt | $245K | $275K | +12.2% |
| Jamesville | $356K | $395K | +11.0% |
| Syracuse | $164.9K | $170.4K | +3.3% |
Housing Supply in De Witt, NY
How many homes are available in De Witt, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 69 | +6.2% |
Summary: The De Witt real estate market had 69 homes for sale in March 2024, a 6.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The De Witt 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 decreased by 40%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in De Witt, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in De Witt in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 25% were sold under asking, 6% were sold at asking, and 69% were sold over asking.
Days on Market for De Witt, NY
How long does it take to sell a home in De Witt, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 13 Days | -50.8% |
Summary: Homes in De Witt had an average of 13 days on market in Mar 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in De Witt are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in De Witt; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
