Is Wolcott, 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, Wolcott was a Buyer's Market.
Key Takeaway
Wolcott is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wolcott, NY
How much do homes in Wolcott, NY cost?
Median Sold Price
$222,500
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wolcott have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Wolcott was $222,500 in March 2024, up 14.1% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $59.9K | -75.2% |
| 2 Bedrooms | $219K | $415K | +89.5% |
| 3 Bedrooms | $190K | $174.5K | -8.2% |
| 4 Bedrooms | $123K | $235K | +91.1% |
| 5+ Bedrooms | $405K | $136.7K | -66.2% |
Summary: Wolcott housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.2%, 2 bedroom homes increased by 89.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 91.1%, and 5+ bedroom homes decreased by 66.2%.
Housing Supply in Wolcott, NY
How many homes are available in Wolcott, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Wolcott real estate market had 11 homes for sale in March 2024, a 21.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Wolcott housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wolcott, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Wolcott in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Wolcott, NY
How long does it take to sell a home in Wolcott, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 51 Days | +638.1% |
Summary: Homes in Wolcott had an average of 51 days on market in Mar 2024, up by 638.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wolcott are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Wolcott; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
