Is Gates, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gates has remained a Seller's Market.
Housing Prices in Gates, NY
How much do homes in Gates, NY cost?
Median Sold Price
$205,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gates was $205,000 in April 2024, up 13.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $109K | +36.3% |
2 Bedrooms | $157.7K | $175K | +10.9% |
3 Bedrooms | $176K | $208.5K | +18.5% |
4 Bedrooms | $191.1K | $221K | +15.6% |
5+ Bedrooms | $245K | $250K | +2.0% |
Summary: Gates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 2%.
Housing Supply in Gates, NY
How many homes are available in Gates, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 59 | 0.0% |
Summary: The Gates real estate market had 59 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 39 | 36 | -7.7% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Gates housing inventory by bedroom type for April 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 7.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Gates in April 2024, up by 46.7% month-over-month. Of the 22 sold homes, 0% were sold under asking, 9% were sold at asking, and 91% were sold over asking.
Days on Market for Gates, NY
How long does it take to sell a home in Gates, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 100 Days | +487.1% |
Summary: Homes in Gates had an average of 100 days on market in Apr 2024, up by 487.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Gates; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.