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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spafford is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Spafford, NY cost?

Median Sold Price

$465,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$65,050(+16.3%)

Key Takeaway

Homes in Spafford have sold for 16.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$278K
N/A
2 $299.9K$503K
+67.7%
3 $404.9K$360K
-11.1%
4 $675K$501.1K
-25.8%
5+ $437.5K-
N/A

Median Sold Price Compared To Nearby Cities

Spafford
+16.3%
Otisco
-4.8%

How many homes are available in Spafford, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
139-30.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 21
-50.0%
3 32
-33.3%
4 75
-28.6%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 Spafford, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
22 Days19 Days-13.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spafford 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 Spafford, NY

Homes for sale in Spafford, NY have reached 9. The number of homes for sale in Spafford, NY decreased by 30.8% between September 2022 and October 2022. The median list price of listings available in October 2022 was $465,000, while the average time on the real estate market was 19 days. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 67.7% more expensive, the cost of 3 bedrooms properties went down by 11.1%, prices of 4 bedrooms properties went down by 25.8%, the cost of 5 bedrooms properties went up by 0%. This housing market inventory have changed: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 50%, 3 bedrooms homes inventory decreased by 33.3%, 4 bedrooms homes inventory decreased by 28.6%, number of 5 bedrooms homes remained the same. Spafford, NY housing market in October 2022 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below.