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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tully is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Tully, NY

How much do homes in Tully, NY cost?

Median Sold Price

$318,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$23,000(+7.8%)

Key Takeaway

Homes in Tully have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Tully was $318,000 in September 2024, up 7.8% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$275K
N/A
2 $312.5K$255.2K
-18.3%
3 $243.7K$320K
+31.3%
4 $334.9K$340K
+1.5%
5+ $385K$325K
-15.6%

Summary: Tully housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 15.6%.

Housing Supply in Tully, NY

How many homes are available in Tully, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2116-23.8%

Summary: The Tully real estate market had 16 homes for sale in September 2024, a 23.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 87
-12.5%
4 64
-33.3%
5+ 43
-25.0%

Summary: The Tully housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tully, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Tully in September 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Tully, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
4 Days10 Days+146.2%

Summary: Homes in Tully had an average of 10 days on market in Sep 2024, up by 146.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tully are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Tully; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

Newest Listings in Tully, NY

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