Is Greece, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$230,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Greece have sold for 15% more than they did a year ago.
Summary: The median home sold price in Greece was $230,000 in June 2024, up 15% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $87.5K | -24.6% |
| 2 Bedrooms | $158.2K | $185K | +16.9% |
| 3 Bedrooms | $190K | $225K | +18.4% |
| 4 Bedrooms | $240K | $245K | +2.1% |
| 5+ Bedrooms | $271.2K | $335K | +23.5% |
Summary: Greece housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 23.5%.
Housing Supply in Greece, NY
How many homes are available in Greece, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 276 | 248 | -10.1% |
Summary: The Greece real estate market had 248 homes for sale in June 2024, a 10.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 33 | 24 | -27.3% |
| 3 Bedrooms | 151 | 135 | -10.6% |
| 4 Bedrooms | 77 | 75 | -2.6% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Greece housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 85 | 65 | -23.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greece, you could pay more than the asking price. 96.9% of homes here sold above asking price last month.
Summary: A total of 65 homes were sold or pending in Greece in June 2024, down by 23.5% month-over-month. Of the 65 sold homes, 3% were sold under asking, 0% were sold at asking, and 97% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 7 Days | 9 Days | +23.9% |
Summary: Homes in Greece had an average of 9 days on market in Jun 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Greece are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 65 homes were sold in Greece; 97% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
