Is North East, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North East is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in North East, NY cost?

Median Sold Price

$342,500

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$7,500(-2.1%)

Key Takeaway

Homes in North East have sold for 2.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$125K
N/A
2 $225K$200K
-11.1%
3 $300K$390K
+30.0%
4 $370.4K$256.2K
-30.8%
5+ $1.0M$589K
-46.4%

Median Sold Price Compared To Nearby Cities

Millerton
+33.0%
North East
-2.1%
Salisbury
-7.9%
Lakeville
-8.2%

How many homes are available in North East, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
2221-4.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 1311
-15.4%
4 910
+11.1%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Oct 2021Oct 2022%
163 Days54 Days-67.0%

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in North East has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North East, NY

North East, NY has 21 homes for sale to choose from. The number of listings in North East, NY decreased by 4.5% between September 2022 and October 2022. The median list price of listings available in October 2022 was $342,500, while the average time on the real estate market was 54 days. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 11.1%, 3 bedrooms properties prices increased by 30%, the cost of 4 bedrooms properties went down by 30.8%, the cost of 5 bedrooms properties went down by 46.4%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 15.4%, 4 bedrooms homes became 11.1% more available, the quantity of 5 bedrooms homes have not changed. North East, NY housing market in October 2022 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 3 sold below.

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