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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salina is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Salina, NY cost?

Median Sold Price

$160,250

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$16,918(+11.8%)

Key Takeaway

Homes in Salina have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $78K$90K
+15.3%
2 $124.2K$129K
+3.9%
3 $145K$161.3K
+11.3%
4 $165K$201.9K
+22.4%
5+ $160K$242K
+51.2%

Median Sold Price Compared To Nearby Cities

Liverpool
+23.9%
Salina
+11.8%
De Witt
+10.4%
Geddes
+6.6%
Syracuse
+5.0%

How many homes are available in Salina, NY?

Number of Homes For Sale

Jul 2022Aug 2022%
144117-18.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 10
-100.0%
2 2120
-4.8%
3 8261
-25.6%
4 3730
-18.9%
5+ 36
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
4430-31.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salina, you could pay more than the asking price. 93.3% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
7 Days6 Days-15.8%

Breakdown of Home Sale Times

29 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 Salina 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 Salina, NY

Homes for sale in Salina, NY have reached 117. In August 2022 in Salina, NY there were 18.8% less homes for sale than in July 2022. Listings spent 6 days on the market in August 2022, and had a median list price of $160,250 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 15.3%, 2 bedrooms properties prices increased by 3.9%, 3 bedrooms properties prices increased by 11.3%, the cost of 4 bedrooms properties went up by 22.4%, the cost of 5 bedrooms properties went up by 51.2%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 100%, volume of 2 bedrooms homes went down by 4.8%, the quantity of 3 bedrooms homes went down by 25.6%, 4 bedrooms homes inventory decreased by 18.9%, 5 bedrooms homes inventory increased by 100%. Salina, NY housing market in August 2022 saw over 28 listings sold above listed price, more than 0 sold at listed price and over 2 sold below.

Related Housing Market Reports