Is Sullivan County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Sullivan County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127K | $170K | +33.9% |
2 Bedrooms | $181.6K | $210K | +15.6% |
3 Bedrooms | $270K | $309K | +14.4% |
4 Bedrooms | $365.5K | $347K | -5.1% |
5+ Bedrooms | $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 | $261.4K | $285.4K | +9.2% |
Ulster County | $374K | $400K | +6.9% |
Orange County | $380.3K | $400.5K | +5.3% |
Housing Supply in Sullivan County, NY
How many homes are available in Sullivan County, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
485 | 508 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 90 | 101 | +12.2% |
3 Bedrooms | 218 | 229 | +5.0% |
4 Bedrooms | 98 | 104 | +6.1% |
5+ Bedrooms | 65 | 61 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
45 | 59 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
89 Days | 89 Days | 0.2% |
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
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.