Is North Chili, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, North Chili has remained a Seller's Market.
Key Takeaway
North Chili is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Chili, NY
How much do homes in North Chili, NY cost?
Median Sold Price
$302,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in North Chili have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in North Chili was $302,000 in June 2024, up 24.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $211.7K | $250K | +18.1% |
| 3 Bedrooms | $260K | $295K | +13.5% |
| 4 Bedrooms | $240K | $380K | +58.3% |
| 5+ Bedrooms | $400K | $490.5K | +22.6% |
Summary: North Chili 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 increased by 18.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 58.3%, and 5+ bedroom homes increased by 22.6%.
Median Sold Price Compared To Nearby Cities
| North Chili | $243K | $302K | +24.3% |
| Riga | $220K | $258K | +17.3% |
| Ogden | $241.5K | $275K | +13.9% |
| Chili | $230K | $250K | +8.7% |
Housing Supply in North Chili, NY
How many homes are available in North Chili, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The North Chili real estate market had 27 homes for sale in June 2024, a 12.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The North Chili 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 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 12 | +1100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Chili, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in North Chili in June 2024, up by 1100.0% month-over-month. Of the 12 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for North Chili, NY
How long does it take to sell a home in North Chili, NY?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 6 Days | 7 Days | +12.5% |
Summary: Homes in North Chili had an average of 7 days on market in Jun 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Chili are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 12 homes were sold in North Chili; 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.
