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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheatland is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Wheatland was a Buyer's Market.

Key Takeaway

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

Housing Prices in Wheatland, NY

How much do homes in Wheatland, NY cost?

Median Sold Price

$247,500

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$75,500(+43.9%)

Key Takeaway

Homes in Wheatland have sold for 43.9% more than they did a year ago.

Summary: The median home sold price in Wheatland was $247,500 in May 2024, up 43.9% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $119.7K$130K
+8.6%
3 $171.2K$250K
+46.0%
4 $175K$189.5K
+8.3%
5+ $302.5K$1.0M
+259.3%

Summary: Wheatland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 46%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 259.3%.

Median Sold Price Compared To Nearby Cities

Wheatland
+43.9%
Scottsville
+31.1%
Riga
+21.6%
Rush
+18.0%

Housing Supply in Wheatland, NY

How many homes are available in Wheatland, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1312-7.7%

Summary: The Wheatland real estate market had 12 homes for sale in May 2024, a 7.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 87
-12.5%
4 22
0.0%
5+ 11
0.0%

Summary: The Wheatland 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 decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheatland, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Wheatland in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Wheatland, NY

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

Average Sale Time

May 2023May 2024CHANGE
7 Days6 Days-10.7%

Summary: Homes in Wheatland had an average of 6 days on market in May 2024, down by 10.7% compared to last year.

Breakdown of Home Sale Times

4 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 Wheatland are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Wheatland; 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 13 Days Ago

Newest Listings in Wheatland, NY

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