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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Washington was a Buyer's Market.

Key Takeaway

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

Housing Prices in Washington, NY

How much do homes in Washington, NY cost?

Median Sold Price

$410,000

$284/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$25,000(-5.7%)

Key Takeaway

Homes in Washington have sold for 5.7% less than they did a month ago.

Summary: The median home sold price in Washington was $410,000 in May 2024, down 5.7% from last month, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$217K
N/A
3 -$400K
N/A
4 $435K$1.0M
+147.1%
5+ -$5.4M
N/A

Summary: Washington housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 147.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Millbrook
+147.1%
Washington
-5.7%

Housing Supply in Washington, NY

How many homes are available in Washington, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2528+12.0%

Summary: The Washington real estate market had 28 homes for sale in May 2024, a 12.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 67
+16.7%
4 77
0.0%
5+ 1113
+18.2%

Summary: The Washington housing inventory by bedroom type for May 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were 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 Washington, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Washington in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Washington, NY

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

Average Sale Time

Apr 2024May 2024CHANGE
40 Days213 Days+433.0%

Summary: Homes in Washington had an average of 213 days on market in May 2024, up by 433% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Washington are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 5 homes were sold in Washington; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 22 Days Ago

Newest Listings in Washington, NY

Nearby Markets to Washington, NY

What housing markets are near Washington, NY?