Is Yates, 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, Yates was a Neutral Market.
Key Takeaway
Yates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yates, NY
How much do homes in Yates, NY cost?
Median Sold Price
$135,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Yates have sold for 12.9% less than they did a year ago.
Summary: The median home sold price in Yates was $135,000 in March 2024, down 12.9% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $239.9K | +166.9% |
| 2 Bedrooms | $143.5K | $142K | -1.0% |
| 3 Bedrooms | $155K | $135K | -12.9% |
| 4 Bedrooms | $182K | $126K | -30.8% |
| 5+ Bedrooms | $250K | - | N/A |
Summary: Yates housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.9%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ridgeway | $143.6K | $135K | -6.0% |
| Yates | $155K | $135K | -12.9% |
| Somerset | $202.5K | $176K | -13.1% |
| Lyndonville | $164.5K | $135K | -18.0% |
Housing Supply in Yates, NY
How many homes are available in Yates, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Summary: The Yates real estate market had 3 homes for sale in March 2024, a 200.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Yates housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yates, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Yates in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Yates, NY
How long does it take to sell a home in Yates, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 58 Days | +866.7% |
Summary: Homes in Yates had an average of 58 days on market in Mar 2024, up by 866.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Yates has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Yates; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
