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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sidney is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Sidney was a Seller's Market.

Key Takeaway

Sidney is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sidney, NY

How much do homes in Sidney, NY cost?

Median Sold Price

$97,000

$81/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$53,000(-35.3%)

Key Takeaway

Homes in Sidney have sold for 35.3% less than they did a month ago.

Summary: The median home sold price in Sidney was $97,000 in March 2024, down 35.3% from last month, and the median price per square foot was $81.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 -$97K
N/A
3 $106K$110K
+3.8%
4 $389K$62.5K
-83.9%
5+ --
N/A

Summary: Sidney housing prices by bedroom type for March 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 increased by 3.8%, 4 bedroom homes decreased by 83.9%, and 5+ bedroom homes did not change.

Housing Supply in Sidney, NY

How many homes are available in Sidney, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1718+5.9%

Summary: The Sidney real estate market had 18 homes for sale in March 2024, a 5.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 66
0.0%
4 54
-20.0%
5+ 24
+100.0%

Summary: The Sidney 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sidney, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sidney in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Sidney, NY

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

Average Sale Time

Feb 2024Mar 2024CHANGE
65 Days80 Days+23.0%

Summary: Homes in Sidney had an average of 80 days on market in Mar 2024, up by 23% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sidney are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Sidney; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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