Is Yates County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Yates County has remained a Seller's Market.
Key Takeaway
Yates County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yates County, NY
How much do homes in Yates County, NY cost?
Median Sold Price
$243,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Yates County have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Yates County was $243,000 in March 2024, up 3.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $217.4K | -17.9% |
| 2 Bedrooms | $173.5K | $192.5K | +11.0% |
| 3 Bedrooms | $220K | $265K | +20.5% |
| 4 Bedrooms | $235K | $216K | -8.1% |
| 5+ Bedrooms | $750.7K | $225K | -70.0% |
Summary: Yates County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 70%.
Median Sold Price Compared To Nearby Counties
| Seneca County | $169K | $175K | +3.6% |
| Yates County | $235K | $243K | +3.4% |
| Steuben County | $146K | $150K | +2.7% |
| Ontario County | $271.2K | $274.6K | +1.3% |
Housing Supply in Yates County, NY
How many homes are available in Yates County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 61 | +3.4% |
Summary: The Yates County real estate market had 61 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Yates County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yates County, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Yates County in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for Yates County, NY
How long does it take to sell a home in Yates County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 16 Days | -61.4% |
Summary: Homes in Yates County had an average of 16 days on market in Mar 2024, down by 61.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Yates County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Yates County; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.