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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Royalton is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Royalton, NY

How much do homes in Royalton, NY cost?

Median Sold Price

$217,500

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,550(+14.5%)

Key Takeaway

Homes in Royalton have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Royalton was $217,500 in February 2024, up 14.5% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $55.5K$249.9K
+350.3%
2 $210K$240K
+14.3%
3 $184.9K$178.8K
-3.3%
4 $232.5K$230K
-1.1%
5+ $115K$203.5K
+77.0%

Summary: Royalton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 350.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 77%.

Median Sold Price Compared To Nearby Cities

Clarence Center
+14.7%
Royalton
+14.5%
Clarence
+2.5%
Newstead
+1.8%

Housing Supply in Royalton, NY

How many homes are available in Royalton, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
11110.0%

Summary: The Royalton real estate market had 11 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 11
0.0%
3 43
-25.0%
4 34
+33.3%
5+ 22
0.0%

Summary: The Royalton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Royalton, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Royalton in February 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Royalton, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
51 Days24 Days-52.6%

Summary: Homes in Royalton had an average of 24 days on market in Feb 2024, down by 52.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 3 homes were sold in Royalton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Royalton, NY

Nearby Markets to Royalton, NY

What housing markets are near Royalton, NY?