Is Gerry, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gerry was a Buyer's Market.
Key Takeaway
Gerry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gerry, NY
How much do homes in Gerry, NY cost?
Median Sold Price
$169,000
$105/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Gerry has remained the same since last year.
Summary: The median home sold price in Gerry was $169,000 in March 2024, the same as last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $122.9K | +41.3% |
| 2 Bedrooms | $150K | $59.2K | -60.5% |
| 3 Bedrooms | $179.4K | $164.6K | -8.2% |
| 4 Bedrooms | - | $224K | N/A |
| 5+ Bedrooms | $147.5K | $284.4K | +92.8% |
Summary: Gerry housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes decreased by 60.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 92.8%.
Median Sold Price Compared To Nearby Cities
| Ellicott | $123K | $133.5K | +8.5% |
| Gerry | $169K | $169K | 0.0% |
Housing Supply in Gerry, NY
How many homes are available in Gerry, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Gerry real estate market had 6 homes for sale in March 2024, a 25.0% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Gerry 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 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gerry, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Gerry in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gerry, NY
How long does it take to sell a home in Gerry, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 2 Days | 30 Days | +1416.7% |
Summary: Homes in Gerry had an average of 30 days on market in Mar 2024, up by 1416.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gerry are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Gerry; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
