Is Ellery, 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, Ellery has remained a Seller's Market.
Key Takeaway
Ellery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellery, NY
How much do homes in Ellery, NY cost?
Median Sold Price
$337,600
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ellery have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Ellery was $337,600 in March 2024, up 5.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $120K | -4.0% |
| 2 Bedrooms | $137K | $276K | +101.5% |
| 3 Bedrooms | $253.2K | $327.4K | +29.3% |
| 4 Bedrooms | $388.7K | $451.9K | +16.3% |
| 5+ Bedrooms | $639.9K | $619.5K | -3.2% |
Summary: Ellery housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 101.5%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Ellicott | $123K | $133.5K | +8.5% |
| Ellery | $320K | $337.6K | +5.5% |
| Bemus Point | $355K | $335K | -5.6% |
Housing Supply in Ellery, NY
How many homes are available in Ellery, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The Ellery real estate market had 23 homes for sale in March 2024, a 27.8% 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ellery 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 increased by 150%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellery, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ellery in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ellery, NY
How long does it take to sell a home in Ellery, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 28 Days | -27.8% |
Summary: Homes in Ellery had an average of 28 days on market in Mar 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
2 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 Ellery are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Ellery; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
