Is Ontario County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ontario County has remained a Seller's Market.
Key Takeaway
Ontario County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontario County, NY
How much do homes in Ontario County, NY cost?
Median Sold Price
$274,667
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ontario County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Ontario County was $274,667 in March 2024, up 1.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $210K | -16.0% |
| 2 Bedrooms | $229K | $246.5K | +7.6% |
| 3 Bedrooms | $241.7K | $251.8K | +4.2% |
| 4 Bedrooms | $342.2K | $328.2K | -4.1% |
| 5+ Bedrooms | $408.9K | $415K | +1.5% |
Summary: Ontario County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Counties
| Monroe County | $212.1K | $230.2K | +8.5% |
| Livingston County | $191.5K | $205K | +7.0% |
| Seneca County | $169K | $175K | +3.6% |
| Yates County | $235K | $243K | +3.4% |
| Ontario County | $271.2K | $274.6K | +1.3% |
Housing Supply in Ontario County, NY
How many homes are available in Ontario County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 237 | 233 | -1.7% |
Summary: The Ontario County real estate market had 233 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 43 | 44 | +2.3% |
| 3 Bedrooms | 90 | 93 | +3.3% |
| 4 Bedrooms | 67 | 61 | -9.0% |
| 5+ Bedrooms | 29 | 26 | -10.3% |
Summary: The Ontario County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontario County, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in Ontario County in March 2024, up by 11.1% month-over-month. Of the 50 sold homes, 34% were sold under asking, 18% were sold at asking, and 48% were sold over asking.
Days on Market for Ontario County, NY
How long does it take to sell a home in Ontario County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 26 Days | -46.3% |
Summary: Homes in Ontario County had an average of 26 days on market in Mar 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ontario County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 50 homes were sold in Ontario County; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
