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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Solvay is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Solvay has remained a Seller's Market.

Key Takeaway

Solvay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Solvay, NY cost?

Median Sold Price

$155,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,100(+14.9%)

Key Takeaway

Homes in Solvay have sold for 14.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $96.7K$140K
+44.7%
3 $131.9K$140.5K
+6.4%
4 $163K$176.5K
+8.3%
5+ $177.5K$170K
-4.2%

Median Sold Price Compared To Nearby Cities

Solvay
+14.9%
Geddes
+14.7%
Syracuse
0.0%

How many homes are available in Solvay, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
1912-36.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 31
-66.7%
3 149
-35.7%
4 12
+100.0%
5+ 10
-100.0%

Number of Homes Sold

Oct 2022Nov 2022%
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Solvay, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days19 Days-19.9%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Solvay, NY

Homes for sale in Solvay, NY have reached 12. In November 2022 in Solvay, NY there were 36.8% less homes for sale than in October 2022. The median list price of listings available in November 2022 was $155,000, while the average time on the real estate market was 19 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 44.7%, the cost of 3 bedrooms properties went up by 6.4%, 4 bedrooms properties prices increased by 8.3%, 5 bedrooms properties became 4.2% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 66.7%, volume of 3 bedrooms homes went down by 35.7%, 4 bedrooms homes inventory increased by 100%, 5 bedrooms homes became 100% less available. Solvay, NY housing market in November 2022 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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