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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Skaneateles is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Skaneateles was a Seller's Market.

Key Takeaway

Skaneateles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Skaneateles, NY cost?

Median Sold Price

$575,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$12,500(-2.1%)

Key Takeaway

Homes in Skaneateles have sold for 2.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $345K-
N/A
2 $665.2K$500K
-24.8%
3 $460K$525K
+14.1%
4 $635K$699K
+10.1%
5+ $1.6M$1.7M
+3.0%

How many homes are available in Skaneateles, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
1412-14.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 33
0.0%
3 22
0.0%
4 86
-25.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skaneateles, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
69 Days160 Days+130.6%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Skaneateles are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Skaneateles, NY

Homes for sale in Skaneateles, NY have reached 12. The number of homes for sale in Skaneateles, NY decreased by 14.3% between October 2022 and November 2022. In November 2022, listings were on the market for 160 days. During the same period, the median list price in this real estate market was $575,000. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went down by 24.8%, 3 bedrooms properties became 14.1% more expensive, prices of 4 bedrooms properties went up by 10.1%, 5 bedrooms properties prices increased by 3%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, number of 3 bedrooms homes remained the same, 4 bedrooms homes inventory decreased by 25%, number of 5 bedrooms homes remained the same. In November 2022 more than 0 listings in Skaneateles, NY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.