Is Red Creek, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Red Creek was a Buyer's Market.
Key Takeaway
Red Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Creek, NY
How much do homes in Red Creek, NY cost?
Median Sold Price
$180,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Red Creek have sold for 24.1% more than they did a year ago.
Summary: The median home sold price in Red Creek was $180,000 in April 2024, up 24.1% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.2K | $96.1K | +73.9% |
| 2 Bedrooms | $130K | $171.2K | +31.7% |
| 3 Bedrooms | $188K | $173K | -8.0% |
| 4 Bedrooms | $177.5K | $201.5K | +13.5% |
| 5+ Bedrooms | $229.9K | - | N/A |
Summary: Red Creek housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.9%, 2 bedroom homes increased by 31.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Red Creek | $145K | $180K | +24.1% |
| Sterling | $194.9K | $210K | +7.7% |
Housing Supply in Red Creek, NY
How many homes are available in Red Creek, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Summary: The Red Creek real estate market had 9 homes for sale in April 2024, a 125.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 6 | +200.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Red Creek housing inventory by bedroom type for April 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 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Red Creek, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Red Creek in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Red Creek, NY
How long does it take to sell a home in Red Creek, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +12.1% |
Summary: Homes in Red Creek had an average of 37 days on market in Apr 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Creek are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Red Creek; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
