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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Romulus is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Romulus was a Buyer's Market.

Key Takeaway

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

How much do homes in Romulus, NY cost?

Median Sold Price

$660,000

$312/sqft

Based on all homes sold in December 2022.

Difference Since Last Month

+$250,000(+61.0%)

Key Takeaway

Homes in Romulus have sold for 61% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2022Dec 2022%
1 --
N/A
2 -$225K
N/A
3 $410K$1.0M
+167.1%
4 --
N/A
5+ --
N/A

How many homes are available in Romulus, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
85-37.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 31
-66.7%
3 54
-20.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
12+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Romulus, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2022Dec 2022%
13 Days8 Days-38.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Romulus, NY

There are 5 homes are for sale in Romulus, NY real estate market. The number of homes for sale in Romulus, NY decreased by 37.5% between November 2022 and December 2022. The median list price of listings available in December 2022 was $660,000, while the average time on the real estate market was 8 days. Listing prices have changed in this real estate market between December 2021 and December 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went up by 167.1%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 66.7%, 3 bedrooms homes became 20% less available, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. While more than 1 listings in Romulus, NY in December 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.