Is Penfield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Penfield has remained a Seller's Market.
Housing Prices in Penfield, NY
How much do homes in Penfield, NY cost?
Median Sold Price
$337,844
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Penfield was $337,844 in February 2024, up 4.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.5K | - | N/A |
2 Bedrooms | $215K | $240K | +11.6% |
3 Bedrooms | $290K | $301K | +3.8% |
4 Bedrooms | $382.5K | $409K | +6.9% |
5+ Bedrooms | $488.7K | $505K | +3.3% |
Summary: Penfield housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Brighton | $274.8K | $325K | +18.3% |
Irondequoit | $189.9K | $220K | +15.8% |
Webster | $305K | $336.7K | +10.4% |
Walworth | $251K | $271.5K | +8.2% |
Penfield | $323.7K | $337.8K | +4.4% |
Housing Supply in Penfield, NY
How many homes are available in Penfield, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 51 | +21.4% |
Summary: The Penfield real estate market had 51 homes for sale in February 2024, a 21.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Penfield housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Penfield in February 2024, down by 25.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 17% were sold at asking, and 75% were sold over asking.
Days on Market for Penfield, NY
How long does it take to sell a home in Penfield, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
9 Days | 11 Days | +23.0% |
Summary: Homes in Penfield had an average of 11 days on market in Feb 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Penfield; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.