Is Ilion, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ilion is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Ilion was a Neutral Market.

Key Takeaway

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

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

+$25,000(+22.7%)

Key Takeaway

Homes in Ilion have sold for 22.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $129K$105.2K
-18.4%
3 $108K$141.4K
+30.8%
4 $112.7K$135K
+19.7%
5+ $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
+22.7%
German Flatts
+4.7%
Mohawk
-6.1%

Housing Supply in Ilion, NY

How many homes are available in Ilion, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2417-29.2%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 97
-22.2%
4 94
-55.6%
5+ 22
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 2024Feb 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ilion, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
63 Days23 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Ilion, NY

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