$3,086 Closing Credit*
$259,900
864 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: River Realty Services, Inc.
Is Port Jervis, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Port Jervis was a Seller's Market.
Key Takeaway
Port Jervis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Jervis, NY
How much do homes in Port Jervis, NY cost?
Median Sold Price
$275,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$35,000(+14.6%)
Key Takeaway
Homes in Port Jervis have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Port Jervis was $275,000 in August 2024, up 14.6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $169K | +160.0% |
| 2 Bedrooms | $177.5K | $219.5K | +23.7% |
| 3 Bedrooms | $275K | $275K | 0.0% |
| 4 Bedrooms | $279K | $310K | +11.1% |
| 5+ Bedrooms | $218.4K | $325K | +48.8% |
Summary: Port Jervis housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 160%, 2 bedroom homes increased by 23.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 48.8%.
Median Sold Price Compared To Nearby Cities
| Port Jervis | $240K | $275K | +14.6% |
| Deerpark | $280K | $321K | +14.6% |
Housing Supply in Port Jervis, NY
How many homes are available in Port Jervis, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 65 | 71 | +9.2% |
Summary: The Port Jervis real estate market had 71 homes for sale in August 2024, a 9.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 26 | 31 | +19.2% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Port Jervis housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Jervis, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Port Jervis in August 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Port Jervis, NY
How long does it take to sell a home in Port Jervis, NY?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 54 Days | 85 Days | +57.2% |
Summary: Homes in Port Jervis had an average of 85 days on market in Aug 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Port Jervis has remained consistent over time.
Summary: During August 2024, 10 homes were sold in Port Jervis; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.