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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Salisbury was a Buyer's Market.

Key Takeaway

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

Housing Prices in Salisbury, NY

How much do homes in Salisbury, NY cost?

Median Sold Price

$154,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$36,000(-18.9%)

Key Takeaway

Homes in Salisbury have sold for 18.9% less than they did a year ago.

Summary: The median home sold price in Salisbury was $154,000 in February 2024, down 18.9% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$230K
N/A
2 $164.8K$80.5K
-51.2%
3 $199.2K$143K
-28.2%
4 $205K$238K
+16.1%
5+ -$265K
N/A

Summary: Salisbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.2%, 3 bedroom homes decreased by 28.2%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Dolgeville
-2.4%
Dolgeville
-2.9%
Salisbury
-18.9%

Housing Supply in Salisbury, NY

How many homes are available in Salisbury, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
660.0%

Summary: The Salisbury real estate market had 6 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 00
0.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Salisbury 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Salisbury in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Salisbury, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
13 Days62 Days+376.9%

Summary: Homes in Salisbury had an average of 62 days on market in Feb 2024, up by 376.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Salisbury has remained consistent over time.

Summary: During February 2024, 2 homes were sold in Salisbury; 0% of homes were sold within 30 days, 100% 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 27 Days Ago

Newest Listings in Salisbury, NY

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