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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanborn is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Sanborn, NY cost?

Median Sold Price

$295,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$75,000(+34.1%)

Key Takeaway

Homes in Sanborn have sold for 34.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $79.9K-
N/A
2 $152K$192K
+26.3%
3 $250K$270.3K
+8.1%
4 $237.5K$340K
+43.2%
5+ $315K-
N/A

Median Sold Price Compared To Nearby Cities

Sanborn
+34.1%
Cambria
+14.2%
Niagara
+14.2%
Wheatfield
+13.8%
Ransomville
-5.3%

How many homes are available in Sanborn, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
2826-7.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 22
0.0%
3 1615
-6.3%
4 87
-12.5%
5+ 22
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
26+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sanborn, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
8 Days14 Days+79.2%

Breakdown of Home Sale Times

5 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 Sanborn 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 Sanborn, NY

Homes for sale in Sanborn, NY have reached 26. The number of homes for sale in Sanborn, NY decreased by 7.1% between August 2022 and September 2022. While the average time on the market in September 2022 was 14 days, the median list price was $295,000. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 26.3%, 3 bedrooms properties prices increased by 8.1%, prices of 4 bedrooms properties increased by 43.2%, prices of 5 bedrooms properties went up 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 have not changed, volume of 3 bedrooms homes went down by 6.3%, 4 bedrooms homes inventory decreased by 12.5%, number of 5 bedrooms homes remained the same. In September 2022, from all listings sold in Sanborn, NY there were more than 4 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.

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