$2,255 Closing Credit*
$189,900
1,204 SqFt
2 Beds
•1 Full Bath, 1 Partial
Diane Geelan, Listing Office: Hunt Real Estate ERA
Is Salina, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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.
Housing Prices in Salina, NY
How much do homes in Salina, NY cost?
Median Sold Price
$200,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$20,133(+11.2%)
Key Takeaway
Homes in Salina have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Salina was $200,000 in August 2024, up 11.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $147.5K | -7.8% |
| 2 Bedrooms | $142.2K | $170K | +19.5% |
| 3 Bedrooms | $180K | $197K | +9.4% |
| 4 Bedrooms | $205K | $240K | +17.1% |
| 5+ Bedrooms | $247.5K | $255K | +3.0% |
Summary: Salina housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 3%.
Housing Supply in Salina, NY
How many homes are available in Salina, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 117 | 97 | -17.1% |
Summary: The Salina real estate market had 97 homes for sale in August 2024, a 17.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 60 | 56 | -6.7% |
| 4 Bedrooms | 34 | 23 | -32.4% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Salina housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salina, you could pay more than the asking price. 86.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Salina in August 2024, down by 11.8% month-over-month. Of the 30 sold homes, 7% were sold under asking, 7% were sold at asking, and 87% were sold over asking.
Days on Market for Salina, NY
How long does it take to sell a home in Salina, NY?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 8 Days | 6 Days | -21.9% |
Summary: Homes in Salina had an average of 6 days on market in Aug 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salina are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 30 homes were sold in Salina; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
