Is Honeoye Falls, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Honeoye Falls is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Honeoye Falls, NY

How much do homes in Honeoye Falls, NY cost?

Median Sold Price

$399,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$44,000(+12.4%)

Key Takeaway

Homes in Honeoye Falls have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Honeoye Falls was $399,000 in May 2024, up 12.4% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115K-
N/A
2 $159.2K$252.5K
+58.5%
3 $265K$325K
+22.6%
4 $430.5K$415K
-3.6%
5+ $535K$725K
+35.5%

Summary: Honeoye Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 35.5%.

Median Sold Price Compared To Nearby Cities

Honeoye Falls
+12.4%
Mendon
+2.7%

Housing Supply in Honeoye Falls, NY

How many homes are available in Honeoye Falls, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1629+81.3%

Summary: The Honeoye Falls real estate market had 29 homes for sale in May 2024, a 81.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 26
+200.0%
3 36
+100.0%
4 812
+50.0%
5+ 35
+66.7%

Summary: The Honeoye Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
38+166.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Honeoye Falls, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Honeoye Falls in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.

Days on Market for Honeoye Falls, NY

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

Average Sale Time

May 2023May 2024CHANGE
11 Days15 Days+27.6%

Summary: Homes in Honeoye Falls had an average of 15 days on market in May 2024, up by 27.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Honeoye Falls; 88% of homes were sold within 30 days, 13% 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 13 Days Ago

Newest Listings in Honeoye Falls, NY

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