Is Rome, 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, Rome was a Buyer's Market.
Key Takeaway
Rome is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rome, NY
How much do homes in Rome, NY cost?
Median Sold Price
$165,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rome have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Rome was $165,000 in April 2024, up 2.5% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.4K | $106.7K | +68.3% |
| 2 Bedrooms | $127.5K | $142.5K | +11.8% |
| 3 Bedrooms | $155K | $165K | +6.5% |
| 4 Bedrooms | $233.5K | $205K | -12.2% |
| 5+ Bedrooms | $170K | $135K | -20.6% |
Summary: Rome housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Lee Center | $154.5K | $212K | +37.2% |
| Rome | $161K | $165K | +2.5% |
| Blossvale | $188K | $187.9K | 0% |
| Verona | $237.4K | $213.7K | -10.0% |
Housing Supply in Rome, NY
How many homes are available in Rome, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 114 | 105 | -7.9% |
Summary: The Rome real estate market had 105 homes for sale in April 2024, a 7.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 58 | 59 | +1.7% |
| 4 Bedrooms | 27 | 20 | -25.9% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The Rome 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 increased by 7.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rome, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Rome in April 2024, down by 9.1% month-over-month. Of the 20 sold homes, 75% were sold under asking, 15% were sold at asking, and 10% were sold over asking.
Days on Market for Rome, NY
How long does it take to sell a home in Rome, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 57 Days | +135.4% |
Summary: Homes in Rome had an average of 57 days on market in Apr 2024, up by 135.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rome are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Rome; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.