Is Pittsford, 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, 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
$455,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pittsford have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Pittsford was $455,000 in March 2024, up 13.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | - | N/A |
| 2 Bedrooms | $308.5K | $305K | -1.1% |
| 3 Bedrooms | $335K | $385K | +14.9% |
| 4 Bedrooms | $437K | $470K | +7.6% |
| 5+ Bedrooms | $565.4K | $632.6K | +11.9% |
Summary: Pittsford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in Pittsford, NY
How many homes are available in Pittsford, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 75 | +47.1% |
Summary: The Pittsford real estate market had 75 homes for sale in March 2024, a 47.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 21 | 30 | +42.9% |
| 4 Bedrooms | 18 | 28 | +55.6% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Pittsford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsford, you could pay more than the asking price. 84.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Pittsford in March 2024, up by 35.7% month-over-month. Of the 19 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +7.0% |
Summary: Homes in Pittsford had an average of 11 days on market in Mar 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pittsford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Pittsford; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
