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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granville is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Granville, NY

How much do homes in Granville, NY cost?

Median Sold Price

$195,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$13,000(+7.1%)

Key Takeaway

Homes in Granville have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Granville was $195,000 in August 2024, up 7.1% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $209.9K$123.5K
-41.2%
2 $143.5K$130K
-9.4%
3 $182K$199.9K
+9.8%
4 $187.6K$235K
+25.3%
5+ $292.5K$135K
-53.8%

Summary: Granville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes decreased by 53.8%.

Housing Supply in Granville, NY

How many homes are available in Granville, NY?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3633-8.3%

Summary: The Granville real estate market had 33 homes for sale in August 2024, a 8.3% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 12
+100.0%
2 45
+25.0%
3 1917
-10.5%
4 96
-33.3%
5+ 33
0.0%

Summary: The Granville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granville, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Granville in August 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Granville, NY

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

Average Sale Time

Aug 2023Aug 2024CHANGE
15 Days55 Days+259.4%

Summary: Homes in Granville had an average of 55 days on market in Aug 2024, up by 259.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 9 homes were sold in Granville; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 13 Days Ago

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