Is Patterson, 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, Patterson was a Buyer's Market.
Housing Prices in Patterson, NY
How much do homes in Patterson, NY cost?
Median Sold Price
$444,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Patterson was $444,500 in March 2024, up 11.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $214.1K | +15.7% |
2 Bedrooms | $317.5K | $350K | +10.2% |
3 Bedrooms | $441.2K | $447K | +1.3% |
4 Bedrooms | $615K | $697.4K | +13.4% |
5+ Bedrooms | $705K | $470K | -33.3% |
Summary: Patterson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Cities
Southeast | $425K | $480K | +12.9% |
Sherman | $600K | $675K | +12.5% |
Patterson | $399K | $444.5K | +11.4% |
New Fairfield | $478.7K | $505K | +5.5% |
Housing Supply in Patterson, NY
How many homes are available in Patterson, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 43 | -2.3% |
Summary: The Patterson real estate market had 43 homes for sale in March 2024, a 2.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Patterson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Patterson in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Patterson, NY
How long does it take to sell a home in Patterson, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 57 Days | -28.5% |
Summary: Homes in Patterson had an average of 57 days on market in Mar 2024, down by 28.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Patterson; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.