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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mohawk is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Mohawk has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Mohawk, NY

How much do homes in Mohawk, NY cost?

Median Sold Price

$158,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$17,000(-9.7%)

Key Takeaway

Homes in Mohawk have sold for 9.7% less than they did a year ago.

Summary: The median home sold price in Mohawk was $158,000 in June 2024, down 9.7% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$159.9K
N/A
2 $170.7K$139.9K
-18.1%
3 $155K$153K
-1.3%
4 $220K$212.6K
-3.4%
5+ $140K$200K
+42.9%

Summary: Mohawk housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 42.9%.

Median Sold Price Compared To Nearby Cities

Johnstown
+26.1%
Mohawk
-9.7%

Housing Supply in Mohawk, NY

How many homes are available in Mohawk, NY?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1821+16.7%

Summary: The Mohawk real estate market had 21 homes for sale in June 2024, a 16.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 811
+37.5%
4 43
-25.0%
5+ 44
0.0%

Summary: The Mohawk housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mohawk, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mohawk in June 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Mohawk, NY

How long does it take to sell a home in Mohawk, NY?

Average Sale Time

Jun 2023Jun 2024CHANGE
53 Days28 Days-46.5%

Summary: Homes in Mohawk had an average of 28 days on market in Jun 2024, down by 46.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 5 homes were sold in Mohawk; 60% of homes were sold within 30 days, 40% 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 21 Days Ago

Newest Listings in Mohawk, NY

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