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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Russia is a buyer's market

Buyer's
Market

Difference Since September 2021

Since last year, Russia has remained a Buyer's Market.

Key Takeaway

Russia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Russia, NY cost?

Median Sold Price

$188,750

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$9,750(+5.4%)

Key Takeaway

Homes in Russia have sold for 5.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $123.2K$153K
+24.1%
2 $141.2K$95.4K
-32.5%
3 $208.8K$215K
+3.0%
4 $302.1K$235K
-22.2%
5+ $163.4K-
N/A

Median Sold Price Compared To Nearby Cities

Trenton
+29.5%
Russia
+5.4%

How many homes are available in Russia, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
1412-14.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 21
-50.0%
3 76
-14.3%
4 33
0.0%
5+ 22
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
110.0%

Asking Price vs. Sold Price

0 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 Russia, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
8 Days16 Days+88.2%

Breakdown of Home Sale Times

1 Home Was 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 Russia 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 Russia, NY

There are 12 homes are for sale in Russia, NY real estate market. The inventory of homes for sale in Russia, NY between August 2022 and September 2022 decreased by 14.3%. In September 2022, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $188,750. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 24.1% more expensive, 2 bedrooms properties became 32.5% more cheaper, prices of 3 bedrooms properties increased by 3%, prices of 4 bedrooms properties decreased by 22.2%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 50%, 3 bedrooms homes inventory decreased by 14.3%, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes remained the same. In September 2022, from all listings sold in Russia, NY there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.