Is Shelby, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Shelby was a Seller's Market.
Housing Prices in Shelby, NY
How much do homes in Shelby, NY cost?
Median Sold Price
$55,000
$30/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Shelby was $55,000 in February 2024, down 66.7% from last month, and the median price per square foot was $30.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180K | - | N/A |
3 Bedrooms | $105K | - | N/A |
4 Bedrooms | $165K | - | N/A |
5+ Bedrooms | $280K | $55K | -80.4% |
Summary: Shelby housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 80.4%.
Median Sold Price Compared To Nearby Cities
Basom | $192K | $78.1K | -59.3% |
Alabama | $192K | $78.1K | -59.3% |
Shelby | $165K | $55K | -66.7% |
Housing Supply in Shelby, NY
How many homes are available in Shelby, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Summary: The Shelby real estate market had 11 homes for sale in February 2024, a 26.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Shelby 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 decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Shelby in February 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Shelby, NY
How long does it take to sell a home in Shelby, NY?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
56 Days | 4 Days | -92.9% |
Summary: Homes in Shelby had an average of 4 days on market in Feb 2024, down by 92.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Shelby; 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.