Is Sanborn, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Sanborn, NY
How much do homes in Sanborn, NY cost?
Median Sold Price
$290,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sanborn have sold for 9% more than they did a year ago.
Summary: The median home sold price in Sanborn was $290,000 in March 2024, up 9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $193.7K | $225K | +16.1% |
| 3 Bedrooms | $255K | $285K | +11.8% |
| 4 Bedrooms | $332.5K | $373.5K | +12.3% |
| 5+ Bedrooms | - | $175K | N/A |
Summary: Sanborn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sanborn | $266K | $290K | +9.0% |
| Niagara | $188.8K | $205K | +8.6% |
| Wheatfield | $325.7K | $350K | +7.4% |
| Ransomville | $240K | $250K | +4.2% |
Housing Supply in Sanborn, NY
How many homes are available in Sanborn, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Sanborn real estate market had 12 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sanborn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sanborn, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Sanborn in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Sanborn, NY
How long does it take to sell a home in Sanborn, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 57 Days | +36.5% |
Summary: Homes in Sanborn had an average of 57 days on market in Mar 2024, up by 36.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sanborn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Sanborn; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
