Is Skaneateles, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Skaneateles was a Neutral Market.
Key Takeaway
Skaneateles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Skaneateles, NY
How much do homes in Skaneateles, NY cost?
Median Sold Price
$630,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Skaneateles have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Skaneateles was $630,000 in April 2024, up 9.6% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $588K | N/A |
| 2 Bedrooms | $400K | $550K | +37.5% |
| 3 Bedrooms | $517.5K | $466.2K | -9.9% |
| 4 Bedrooms | $799.9K | $850K | +6.3% |
| 5+ Bedrooms | $1.5M | $925K | -38.3% |
Summary: Skaneateles housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 38.3%.
Housing Supply in Skaneateles, NY
How many homes are available in Skaneateles, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Skaneateles real estate market had 26 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Skaneateles housing inventory by bedroom type for April 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Skaneateles, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Skaneateles in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Skaneateles, NY
How long does it take to sell a home in Skaneateles, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 67 Days | +470.2% |
Summary: Homes in Skaneateles had an average of 67 days on market in Apr 2024, up by 470.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Skaneateles has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Skaneateles; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
