Is Oneida, 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, Oneida was a Seller's Market.
Key Takeaway
Oneida is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oneida, NY
How much do homes in Oneida, NY cost?
Median Sold Price
$153,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oneida have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Oneida was $153,000 in March 2024, down 9.5% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $19K | N/A |
| 2 Bedrooms | $120K | $130K | +8.3% |
| 3 Bedrooms | $169.9K | $170K | 0.1% |
| 4 Bedrooms | $225K | $150K | -33.3% |
| 5+ Bedrooms | $245K | $186.5K | -23.9% |
Summary: Oneida 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 8.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 23.9%.
Housing Supply in Oneida, NY
How many homes are available in Oneida, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Summary: The Oneida real estate market had 38 homes for sale in March 2024, a 17.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 5 | -50.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Oneida housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oneida, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Oneida in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Oneida, NY
How long does it take to sell a home in Oneida, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 22 Days | -6.5% |
Summary: Homes in Oneida had an average of 22 days on market in Mar 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oneida are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Oneida; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
