$3,563 Closing Credit*
$300,000
600 SqFt
2 Beds
•1 Full Bath
Jaimee Tormey, Listing Office: Herron Realty
Is Herkimer County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Herkimer County has remained a Seller's Market.
Key Takeaway
Herkimer County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Herkimer County, NY
How much do homes in Herkimer County, NY cost?
Median Sold Price
$153,587
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$5,384(-3.4%)
Key Takeaway
Homes in Herkimer County have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Herkimer County was $153,587 in August 2024, down 3.4% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $225K | +42.4% |
| 2 Bedrooms | $134.4K | $136.2K | +1.3% |
| 3 Bedrooms | $149.4K | $150.2K | 0.5% |
| 4 Bedrooms | $189.9K | $161.2K | -15.1% |
| 5+ Bedrooms | $177.5K | $170K | -4.2% |
Summary: Herkimer County housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.4%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Counties
| Montgomery County | $164.9K | $179.9K | +9.1% |
| Oneida County | $183K | $197.6K | +8.0% |
| Fulton County | $154.9K | $162.4K | +4.9% |
| Herkimer County | $158.9K | $153.5K | -3.4% |
| Hamilton County | $322.5K | $300K | -7.0% |
Housing Supply in Herkimer County, NY
How many homes are available in Herkimer County, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 250 | 237 | -5.2% |
Summary: The Herkimer County real estate market had 237 homes for sale in August 2024, a 5.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 114 | 98 | -14.0% |
| 4 Bedrooms | 69 | 66 | -4.3% |
| 5+ Bedrooms | 33 | 37 | +12.1% |
Summary: The Herkimer County housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Herkimer County, you may be able to get a good deal. 61% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Herkimer County in August 2024, up by 10.8% month-over-month. Of the 41 sold homes, 61% were sold under asking, 5% were sold at asking, and 34% were sold over asking.
Days on Market for Herkimer County, NY
How long does it take to sell a home in Herkimer County, NY?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 52 Days | +27.0% |
Summary: Homes in Herkimer County had an average of 52 days on market in Aug 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Herkimer County are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 41 homes were sold in Herkimer County; 63% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.