$45,000
1.37 Acres
Land
•1 Full Bath
Danielle St. Onge, Listing Office: HUNT Real Estate Corporation
Is Sanborn, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Sanborn was a Neutral Market.
Key Takeaway
Sanborn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sanborn, NY
How much do homes in Sanborn, NY cost?
Median Sold Price
$285,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$500(+0.2%)
Key Takeaway
The sold price of homes in Sanborn has remained the same since last year.
Summary: The median home sold price in Sanborn was $285,500 in September 2024, up 0.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $233.7K | $266K | +13.8% |
| 3 Bedrooms | $285K | $265K | -7.0% |
| 4 Bedrooms | $373.5K | $362.5K | -2.9% |
| 5+ Bedrooms | $230K | $392.5K | +70.7% |
Summary: Sanborn housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 70.7%.
Median Sold Price Compared To Nearby Cities
| Wheatfield | $320K | $390K | +21.9% |
| Niagara | $188.8K | $215K | +13.9% |
| Ransomville | $245K | $277K | +13.1% |
| Cambria | $290K | $292.5K | +0.9% |
| Sanborn | $285K | $285.5K | 0.2% |
Housing Supply in Sanborn, NY
How many homes are available in Sanborn, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The Sanborn real estate market had 16 homes for sale in September 2024, a 20.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Sanborn housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanborn, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Sanborn in September 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 6 Days | 29 Days | +365.8% |
Summary: Homes in Sanborn had an average of 29 days on market in Sep 2024, up by 365.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sanborn are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Sanborn; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
