Is Urbana, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Urbana was a Neutral Market.
Housing Prices in Urbana, NY
How much do homes in Urbana, NY cost?
Median Sold Price
$355,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Urbana was $355,000 in March 2024, up 39.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | - | N/A |
2 Bedrooms | $229K | $235K | +2.6% |
3 Bedrooms | $259K | $380K | +46.7% |
4 Bedrooms | $264K | $339.3K | +28.5% |
5+ Bedrooms | $277K | $700K | +152.7% |
Summary: Urbana housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 152.7%.
Median Sold Price Compared To Nearby Cities
Urbana | $254.5K | $355K | +39.5% |
Hammondsport | $369K | $492.5K | +33.5% |
Housing Supply in Urbana, NY
How many homes are available in Urbana, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Summary: The Urbana real estate market had 10 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Urbana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Urbana in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Urbana, NY
How long does it take to sell a home in Urbana, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 9 Days | -66.1% |
Summary: Homes in Urbana had an average of 9 days on market in Mar 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Urbana; 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.