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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pittsford is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Pittsford, NY

How much do homes in Pittsford, NY cost?

Median Sold Price

$454,861

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$58,757(+14.8%)

Key Takeaway

Homes in Pittsford have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in Pittsford was $454,861 in February 2024, up 14.8% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $145.5K-
N/A
2 $302.5K$320K
+5.8%
3 $329.5K$378.4K
+14.9%
4 $430.5K$470K
+9.2%
5+ $544.9K$635K
+16.5%

Summary: Pittsford 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 5.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 16.5%.

Housing Supply in Pittsford, NY

How many homes are available in Pittsford, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4945-8.2%

Summary: The Pittsford real estate market had 45 homes for sale in February 2024, a 8.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1716
-5.9%
4 1917
-10.5%
5+ 77
0.0%

Summary: The Pittsford 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 decreased by 16.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
13130.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pittsford, you could pay more than the asking price. 84.6% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Pittsford in February 2024, the same as the previous month. Of the 13 sold homes, 15% were sold under asking, 0% were sold at asking, and 85% were sold over asking.

Days on Market for Pittsford, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
15 Days11 Days-22.7%

Summary: Homes in Pittsford had an average of 11 days on market in Feb 2024, down by 22.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 13 homes were sold in Pittsford; 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.

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

Report Updated 3 Days Ago

Newest Listings in Pittsford, NY

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