Is Sullivan, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sullivan has remained a Seller's Market.
Key Takeaway
Sullivan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sullivan, NY
How much do homes in Sullivan, NY cost?
Median Sold Price
$225,550
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sullivan have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Sullivan was $225,550 in April 2024, up 4.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $178.5K | N/A |
| 2 Bedrooms | $134.5K | $131K | -2.6% |
| 3 Bedrooms | $220K | $223K | +1.4% |
| 4 Bedrooms | $231.2K | $290K | +25.4% |
| 5+ Bedrooms | $267.5K | $284.5K | +6.4% |
Summary: Sullivan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Chittenango | $198.5K | $226K | +13.9% |
| Bridgeport | $188.7K | $199.5K | +5.7% |
| Sullivan | $216.1K | $225.5K | +4.4% |
| Kirkville | $220K | $220K | 0.0% |
Housing Supply in Sullivan, NY
How many homes are available in Sullivan, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 48 | +26.3% |
Summary: The Sullivan real estate market had 48 homes for sale in April 2024, a 26.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 23 | 28 | +21.7% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sullivan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 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 Sullivan, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Sullivan in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Sullivan, NY
How long does it take to sell a home in Sullivan, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 19 Days | +73.9% |
Summary: Homes in Sullivan had an average of 19 days on market in Apr 2024, up by 73.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sullivan are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Sullivan; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
