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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stanford is a buyer's market

Buyer's
Market

Difference Since June 2023

Since last year, Stanford has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Stanford, NY

How much do homes in Stanford, NY cost?

Median Sold Price

$527,800

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$2,200(-0.4%)

Key Takeaway

The sold price of homes in Stanford has remained the same since last year.

Summary: The median home sold price in Stanford was $527,800 in June 2024, down 0.4% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $519.5K$335K
-35.5%
3 $417.5K$535K
+28.1%
4 $662K$515K
-22.2%
5+ $100K$5.8M
+5772.5%

Summary: Stanford housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.5%, 3 bedroom homes increased by 28.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 5772.5%.

Median Sold Price Compared To Nearby Cities

Stanfordville
+37.7%
Salt Point
+22.4%
Stanford
-0.4%
Clinton Corners
-22.6%

Housing Supply in Stanford, NY

How many homes are available in Stanford, NY?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3139+25.8%

Summary: The Stanford real estate market had 39 homes for sale in June 2024, a 25.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1318
+38.5%
4 1013
+30.0%
5+ 67
+16.7%

Summary: The Stanford housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stanford, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Stanford in June 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Stanford, NY

How long does it take to sell a home in Stanford, NY?

Average Sale Time

Jun 2023Jun 2024CHANGE
133 Days64 Days-51.9%

Summary: Homes in Stanford had an average of 64 days on market in Jun 2024, down by 51.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Stanford has remained consistent over time.

Summary: During June 2024, 5 homes were sold in Stanford; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in Stanford, NY

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