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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greece is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Greece, NY

How much do homes in Greece, NY cost?

Median Sold Price

$224,950

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,950(+14.8%)

Key Takeaway

Homes in Greece have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Greece was $224,950 in February 2024, up 14.8% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $123.5K$71.7K
-41.9%
2 $155K$180K
+16.1%
3 $185K$215.8K
+16.6%
4 $233.6K$250.5K
+7.2%
5+ $280K$280.5K
0.2%

Summary: Greece housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Cities

Greece
+14.8%
Gates
+14.2%
Rochester
+8.5%

Housing Supply in Greece, NY

How many homes are available in Greece, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
193145-24.9%

Summary: The Greece real estate market had 145 homes for sale in February 2024, a 24.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 2418
-25.0%
3 11787
-25.6%
4 3928
-28.2%
5+ 1311
-15.4%

Summary: The Greece housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 28.2%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6833-51.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greece, you could pay more than the asking price. 93.9% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Greece in February 2024, down by 51.5% month-over-month. Of the 33 sold homes, 3% were sold under asking, 3% were sold at asking, and 94% were sold over asking.

Days on Market for Greece, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
17 Days11 Days-34.0%

Summary: Homes in Greece had an average of 11 days on market in Feb 2024, down by 34% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 33 homes were sold in Greece; 88% of homes were sold within 30 days, 12% 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 3 Days Ago

Newest Listings in Greece, NY

Nearby Markets to Greece, NY

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