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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gasport is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Gasport, NY

How much do homes in Gasport, NY cost?

Median Sold Price

$241,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$53,500(+28.5%)

Key Takeaway

Homes in Gasport have sold for 28.5% more than they did a year ago.

Summary: The median home sold price in Gasport was $241,000 in February 2024, up 28.5% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $182.5K$249.9K
+36.9%
2 $170K$240.5K
+41.5%
3 $210K$217K
+3.3%
4 $188.5K$280K
+48.5%
5+ $68K$263K
+286.8%

Summary: Gasport housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.9%, 2 bedroom homes increased by 41.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 48.5%, and 5+ bedroom homes increased by 286.8%.

Median Sold Price Compared To Nearby Cities

Hartland
+47.2%
Gasport
+28.5%
Newfane
+17.1%
Royalton
+14.5%

Housing Supply in Gasport, NY

How many homes are available in Gasport, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
69+50.0%

Summary: The Gasport real estate market had 9 homes for sale in February 2024, a 50.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 12
+100.0%
3 45
+25.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Gasport 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gasport, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Gasport in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Gasport, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
56 Days24 Days-57.7%

Summary: Homes in Gasport had an average of 24 days on market in Feb 2024, down by 57.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gasport are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Gasport; 100% of homes were sold within 30 days, 0% 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 28 Days Ago

Newest Listings in Gasport, NY

Nearby Markets to Gasport, NY

What housing markets are near Gasport, NY?