Is Ilion, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Ilion was a Neutral Market.
Housing Prices in Ilion, NY
How much do homes in Ilion, NY cost?
Median Sold Price
$135,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Ilion was $135,000 in February 2024, up 22.7% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $129K | $105.2K | -18.4% |
3 Bedrooms | $108K | $141.4K | +30.8% |
4 Bedrooms | $112.7K | $135K | +19.7% |
5+ Bedrooms | $64K | $165K | +157.8% |
Summary: Ilion housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 157.8%.
Median Sold Price Compared To Nearby Cities
Ilion | $110K | $135K | +22.7% |
German Flatts | $129K | $135K | +4.7% |
Mohawk | $165K | $155K | -6.1% |
Housing Supply in Ilion, NY
How many homes are available in Ilion, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 17 | -29.2% |
Summary: The Ilion real estate market had 17 homes for sale in February 2024, a 29.2% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 9 | 4 | -55.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ilion housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Ilion in February 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ilion, NY
How long does it take to sell a home in Ilion, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
63 Days | 23 Days | -63.9% |
Summary: Homes in Ilion had an average of 23 days on market in Feb 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Ilion; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.