Is Mexico, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mexico was a Seller's Market.
Key Takeaway
Mexico is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mexico, NY
How much do homes in Mexico, NY cost?
Median Sold Price
$183,950
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mexico have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Mexico was $183,950 in March 2024, up 8.2% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | - | N/A |
| 2 Bedrooms | $101.5K | $129K | +27.1% |
| 3 Bedrooms | $165K | $170K | +3.0% |
| 4 Bedrooms | $200.5K | $245.3K | +22.3% |
| 5+ Bedrooms | $335K | $300K | -10.4% |
Summary: Mexico housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in Mexico, NY
How many homes are available in Mexico, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Mexico real estate market had 13 homes for sale in March 2024, a 13.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mexico housing inventory by bedroom type for March 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 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mexico, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Mexico in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Mexico, NY
How long does it take to sell a home in Mexico, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 32 Days | +204.8% |
Summary: Homes in Mexico had an average of 32 days on market in Mar 2024, up by 204.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mexico has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Mexico; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
