Is Phoenix, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phoenix is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Phoenix, NY

How much do homes in Phoenix, NY cost?

Median Sold Price

$241,250

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,875(+16.9%)

Key Takeaway

Homes in Phoenix have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in Phoenix was $241,250 in October 2024, up 16.9% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $149.6K$199K
+33.0%
3 $185.5K$225K
+21.3%
4 $255K$360K
+41.2%
5+ $230K$275K
+19.6%

Summary: Phoenix housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 19.6%.

Median Sold Price Compared To Nearby Cities

Phoenix
+16.9%
Schroeppel
+13.2%

Housing Supply in Phoenix, NY

How many homes are available in Phoenix, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2520-20.0%

Summary: The Phoenix real estate market had 20 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1613
-18.8%
4 76
-14.3%
5+ 00
0.0%

Summary: The Phoenix housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phoenix, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Phoenix in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Phoenix, NY

How long does it take to sell a home in Phoenix, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days22 Days+142.5%

Summary: Homes in Phoenix had an average of 22 days on market in Oct 2024, up by 142.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were 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

Many homes in Phoenix are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in Phoenix; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in Phoenix, NY

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