Is Falconer, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Falconer is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Falconer has remained a Seller's Market.

Key Takeaway

Falconer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Falconer, NY

How much do homes in Falconer, NY cost?

Median Sold Price

$126,500

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,250(+28.8%)

Key Takeaway

Homes in Falconer have sold for 28.8% more than they did a year ago.

Summary: The median home sold price in Falconer was $126,500 in February 2024, up 28.8% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $9K-
N/A
2 $81K$81.7K
+0.9%
3 $110K$155K
+40.9%
4 $126K$132K
+4.7%
5+ $158.4K$126.5K
-20.2%

Summary: Falconer housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 20.2%.

Median Sold Price Compared To Nearby Cities

Falconer
+28.8%
Ellicott
+11.9%
Jamestown
-8.0%

Housing Supply in Falconer, NY

How many homes are available in Falconer, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
107-30.0%

Summary: The Falconer real estate market had 7 homes for sale in February 2024, a 30.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 44
0.0%
4 21
-50.0%
5+ 20
-100.0%

Summary: The Falconer housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Falconer, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Falconer in February 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Falconer, NY

How long does it take to sell a home in Falconer, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days39 Days-24.0%

Summary: Homes in Falconer had an average of 39 days on market in Feb 2024, down by 24% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Falconer has remained consistent over time.

Summary: During February 2024, 3 homes were sold in Falconer; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Falconer, NY

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