Is Essex County, 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, Essex County was a Neutral Market.
Housing Prices in Essex County, NY
How much do homes in Essex County, NY cost?
Median Sold Price
$215,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Essex County was $215,000 in April 2024, up 22.9% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $287.5K | +228.6% |
2 Bedrooms | $152.5K | $175K | +14.8% |
3 Bedrooms | $165K | $222.6K | +34.9% |
4 Bedrooms | $228K | $215K | -5.7% |
5+ Bedrooms | $410K | $230K | -43.9% |
Summary: Essex County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 228.6%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 34.9%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 43.9%.
Median Sold Price Compared To Nearby Counties
Essex County | $175K | $215K | +22.9% |
Warren County | $280.4K | $289.9K | +3.4% |
Housing Supply in Essex County, NY
How many homes are available in Essex County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 69 | -5.5% |
Summary: The Essex County real estate market had 69 homes for sale in April 2024, a 5.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 33 | 29 | -12.1% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Essex County 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 decreased by 12.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Essex County in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.
Days on Market for Essex County, NY
How long does it take to sell a home in Essex County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
89 Days | 98 Days | +10.3% |
Summary: Homes in Essex County had an average of 98 days on market in Apr 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Essex County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.