Is Sullivan County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sullivan County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Sullivan County was a Seller's Market.

Key Takeaway

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

Housing Prices in Sullivan County, NY

How much do homes in Sullivan County, NY cost?

Median Sold Price

$285,444

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,038(+9.2%)

Key Takeaway

Homes in Sullivan County have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Sullivan County was $285,444 in February 2024, up 9.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $127K$170K
+33.9%
2 $181.6K$210K
+15.6%
3 $270K$309K
+14.4%
4 $365.5K$347K
-5.1%
5+ $310K$346.5K
+11.8%

Summary: Sullivan County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Counties

Sullivan County
+9.2%
Ulster County
+6.9%
Orange County
+5.3%

Housing Supply in Sullivan County, NY

How many homes are available in Sullivan County, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
485508+4.7%

Summary: The Sullivan County real estate market had 508 homes for sale in February 2024, a 4.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1413
-7.1%
2 90101
+12.2%
3 218229
+5.0%
4 98104
+6.1%
5+ 6561
-6.2%

Summary: The Sullivan County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 6.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4559+31.1%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sullivan County, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Sullivan County in February 2024, up by 31.1% month-over-month. Of the 59 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for Sullivan County, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
89 Days89 Days0.2%

Summary: Homes in Sullivan County had an average of 89 days on market in Feb 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sullivan County has remained consistent over time.

Summary: During February 2024, 59 homes were sold in Sullivan County; 31% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 27% 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 27 Days Ago

Newest Listings in Sullivan County, NY

Nearby Markets to Sullivan County, NY

What housing markets are near Sullivan County, NY?