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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stanford is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Stanford, NY

How much do homes in Stanford, NY cost?

Median Sold Price

$450,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$500(-0.1%)

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 $450,000 in February 2024, down 0.1% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $439K$325K
-26.0%
3 $416.5K$450K
+8.0%
4 $762K$560K
-26.5%
5+ $267.5K$5.8M
+2095.3%

Summary: Stanford housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes increased by 2095.3%.

Median Sold Price Compared To Nearby Cities

Stanfordville
+7.3%
Stanford
-0.1%
Salt Point
-7.3%
Clinton Corners
-12.1%
Washington
-26.6%

Housing Supply in Stanford, NY

How many homes are available in Stanford, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1920+5.3%

Summary: The Stanford real estate market had 20 homes for sale in February 2024, a 5.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 88
0.0%
4 78
+14.3%
5+ 11
0.0%

Summary: The Stanford housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
15+400.0%

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 February 2024, up by 400.0% 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

Feb 2023Feb 2024CHANGE
71 Days146 Days+106.8%

Summary: Homes in Stanford had an average of 146 days on market in Feb 2024, up by 106.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Stanford are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 5 homes were sold in Stanford; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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 2 Days Ago

Newest Listings in Stanford, NY

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