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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prattsburgh is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Prattsburgh, NY

How much do homes in Prattsburgh, NY cost?

Median Sold Price

$242,450

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,450(+15.5%)

Key Takeaway

Homes in Prattsburgh have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Prattsburgh was $242,450 in November 2024, up 15.5% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $105K$145K
+38.1%
2 $195K$227.4K
+16.6%
3 $210K$319.5K
+52.1%
4 $260K$386K
+48.5%
5+ -$375K
N/A

Summary: Prattsburgh housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.1%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 52.1%, 4 bedroom homes increased by 48.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jerusalem
+37.9%
Prattsburgh
+15.5%

Housing Supply in Prattsburgh, NY

How many homes are available in Prattsburgh, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
78+14.3%

Summary: The Prattsburgh real estate market had 8 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 12
+100.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Prattsburgh housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
05+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prattsburgh, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Prattsburgh in November 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Prattsburgh, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days48 Days+386.0%

Summary: Homes in Prattsburgh had an average of 48 days on market in Nov 2024, up by 386% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Prattsburgh; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 Prattsburgh, NY

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