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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Webster is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Webster, NY

How much do homes in Webster, NY cost?

Median Sold Price

$336,750

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$31,750(+10.4%)

Key Takeaway

Homes in Webster have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Webster was $336,750 in February 2024, up 10.4% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$165K
N/A
2 $219.6K$267.5K
+21.8%
3 $280K$302.5K
+8.0%
4 $352K$403.2K
+14.6%
5+ $421K$448K
+6.4%

Summary: Webster housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 6.4%.

Housing Supply in Webster, NY

How many homes are available in Webster, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8671-17.4%

Summary: The Webster real estate market had 71 homes for sale in February 2024, a 17.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1712
-29.4%
3 4034
-15.0%
4 2218
-18.2%
5+ 77
0.0%

Summary: The Webster housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2921-27.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 21 homes were sold or pending in Webster in February 2024, down by 27.6% month-over-month. Of the 21 sold homes, 14% were sold under asking, 19% were sold at asking, and 67% were sold over asking.

Days on Market for Webster, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
23 Days27 Days+15.8%

Summary: Homes in Webster had an average of 27 days on market in Feb 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 21 homes were sold in Webster; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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 3 Days Ago

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