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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marcellus is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Marcellus was a Seller's Market.

Key Takeaway

Marcellus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Marcellus, NY

How much do homes in Marcellus, NY cost?

Median Sold Price

$250,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$3,000(-1.2%)

Key Takeaway

Homes in Marcellus have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Marcellus was $250,000 in February 2024, down 1.2% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $219.9K$210K
-4.5%
2 $240K$215K
-10.4%
3 $255K$247.6K
-2.9%
4 $257.5K$275.7K
+7.1%
5+ $262.5K$374.1K
+42.5%

Summary: Marcellus housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 42.5%.

Housing Supply in Marcellus, NY

How many homes are available in Marcellus, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1411-21.4%

Summary: The Marcellus real estate market had 11 homes for sale in February 2024, a 21.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 01
+100.0%
3 53
-40.0%
4 44
0.0%
5+ 31
-66.7%

Summary: The Marcellus 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 increased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 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 Marcellus, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Marcellus in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Feb 2023Feb 2024CHANGE
20 Days13 Days-35.0%

Summary: Homes in Marcellus had an average of 13 days on market in Feb 2024, down by 35% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Marcellus; 100% of homes were sold within 30 days, 0% 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

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