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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yates is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Yates has remained a Seller's 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

$227,500

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$75,250(+49.4%)

Key Takeaway

Homes in Yates have sold for 49.4% more than they did a year ago.

Summary: The median home sold price in Yates was $227,500 in September 2024, up 49.4% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$239.9K
N/A
2 $150.5K$260K
+72.8%
3 $152.2K$382.5K
+151.2%
4 $122K$225K
+84.4%
5+ $250K-
N/A

Summary: Yates housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.8%, 3 bedroom homes increased by 151.2%, 4 bedroom homes increased by 84.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Waterport
+140.3%
Yates
+49.4%
Lyndonville
+39.4%
Somerset
+34.6%
Ridgeway
+18.9%

Housing Supply in Yates, NY

How many homes are available in Yates, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
105-50.0%

Summary: The Yates real estate market had 5 homes for sale in September 2024, a 50.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 12
+100.0%
4 62
-66.7%
5+ 10
-100.0%

Summary: The Yates housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yates, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Yates in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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

Sep 2023Sep 2024CHANGE
234 Days9 Days-95.9%

Summary: Homes in Yates had an average of 9 days on market in Sep 2024, down by 95.9% compared to last year.

Breakdown of Home Sale Times

3 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 Yates are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Yates; 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 30 Days Ago

Newest Listings in Yates, NY

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