$7,108 Closing Credit*
$598,600
3 Beds
•2 Full Baths
Bob Kayne, Listing Office: Coldwell Banker Prime Prop,Inc
Is Marcellus, 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, Marcellus has remained a Seller's Market.
Key Takeaway
Marcellus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marcellus, NY
How much do homes in Marcellus, NY cost?
Median Sold Price
$271,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$18,000(+7.1%)
Key Takeaway
Homes in Marcellus have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Marcellus was $271,000 in August 2024, up 7.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $211K | 0.5% |
| 2 Bedrooms | $225K | $285.5K | +26.9% |
| 3 Bedrooms | $254K | $245.4K | -3.4% |
| 4 Bedrooms | $265K | $380K | +43.4% |
| 5+ Bedrooms | $264K | $430K | +62.8% |
Summary: Marcellus housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 26.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes increased by 62.8%.
Housing Supply in Marcellus, NY
How many homes are available in Marcellus, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Summary: The Marcellus real estate market had 17 homes for sale in August 2024, a 26.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Marcellus housing inventory by bedroom type for August 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 40%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marcellus, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Marcellus in August 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Marcellus, NY
How long does it take to sell a home in Marcellus, NY?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 8 Days | 28 Days | +232.3% |
Summary: Homes in Marcellus had an average of 28 days on market in Aug 2024, up by 232.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marcellus are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Marcellus; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
