Is Herkimer, 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, Herkimer has remained a Seller's Market.
Housing Prices in Herkimer, NY
How much do homes in Herkimer, NY cost?
Median Sold Price
$130,250
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Herkimer was $130,250 in March 2024, up 5.5% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $17K | N/A |
2 Bedrooms | $131.8K | $122.4K | -7.1% |
3 Bedrooms | $121.2K | $117.7K | -2.9% |
4 Bedrooms | $146.8K | $132.5K | -9.7% |
5+ Bedrooms | $91.4K | $176.7K | +93.3% |
Summary: Herkimer housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 93.3%.
Median Sold Price Compared To Nearby Cities
German Flatts | $129K | $139.9K | +8.4% |
Herkimer | $123.5K | $130.2K | +5.5% |
Housing Supply in Herkimer, NY
How many homes are available in Herkimer, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Summary: The Herkimer real estate market had 31 homes for sale in March 2024, a 3.3% increase 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 | 4 | 4 | 0.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Herkimer 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Herkimer in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Herkimer, NY
How long does it take to sell a home in Herkimer, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 44 Days | -53.4% |
Summary: Homes in Herkimer had an average of 44 days on market in Mar 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Herkimer; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.