Is South Wedge, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Wedge has remained a Seller's Market.
Key Takeaway
South Wedge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Wedge, NY
How much do homes in South Wedge, NY cost?
Median Sold Price
$260,000
$180/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in South Wedge have sold for 5.5% less than they did a month ago.
Summary: The median home sold price in South Wedge was $260,000 in April 2024, down 5.5% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | - | N/A |
| 3 Bedrooms | $275K | $260K | -5.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $300K | - | N/A |
Summary: South Wedge housing prices by bedroom type for April 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 decreased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in South Wedge, NY
How many homes are available in South Wedge, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The South Wedge real estate market had 13 homes for sale in April 2024, a 44.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Wedge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Wedge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in South Wedge in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Wedge, NY
How long does it take to sell a home in South Wedge, NY?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | 0.0% |
Summary: Homes in South Wedge had an average of 6 days on market in Apr 2024, the same as last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Wedge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in South Wedge; 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.
