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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Varick is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Varick has remained a Seller's Market.

Key Takeaway

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

How much do homes in Varick, NY cost?

Median Sold Price

$174,000

$69/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$586,000(-77.1%)

Key Takeaway

Homes in Varick have sold for 77.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 --
N/A
3 $760K-
N/A
4 -$174K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Ledyard
-28.8%
Varick
-77.1%

How many homes are available in Varick, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
45+25.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 22
0.0%
5+ 02
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Varick, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Sep 2022Oct 2022%
17 Days5 Days-70.6%

Breakdown of Home Sale Times

1 Home Was 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 Varick are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Varick, NY

Varick, NY has 5 homes for sale to choose from. The inventory of homes for sale in Varick, NY between September 2022 and October 2022 increased by 25%. While the average time on the market in October 2022 was 5 days, the median list price was $174,000. From October 2021 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 0% more expensive, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went down by 50%, 4 bedrooms homes inventory did not change, 5 bedrooms homes became 100% more available. While more than 1 listings in Varick, NY in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.