Is Greece, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$225,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greece have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Greece was $225,000 in March 2024, up 14.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $71.7K | -41.9% |
| 2 Bedrooms | $155.1K | $180K | +16.1% |
| 3 Bedrooms | $185K | $220.8K | +19.4% |
| 4 Bedrooms | $235K | $250K | +6.4% |
| 5+ Bedrooms | $275K | $300K | +9.1% |
Summary: Greece housing prices by bedroom type for March 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 19.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in Greece, NY
How many homes are available in Greece, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 185 | 177 | -4.3% |
Summary: The Greece real estate market had 177 homes for sale in March 2024, a 4.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 22 | 15 | -31.8% |
| 3 Bedrooms | 106 | 98 | -7.5% |
| 4 Bedrooms | 42 | 50 | +19.0% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Greece housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 31.8%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 69 | +53.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greece, you could pay more than the asking price. 87% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Greece in March 2024, up by 53.3% month-over-month. Of the 69 sold homes, 10% were sold under asking, 3% were sold at asking, and 87% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +13.4% |
Summary: Homes in Greece had an average of 11 days on market in Mar 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greece are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 69 homes were sold in Greece; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
