Is Herkimer County, 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, Herkimer County has remained a Buyer's Market.
Housing Prices in Herkimer County, NY
How much do homes in Herkimer County, NY cost?
Median Sold Price
$155,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Herkimer County was $155,000 in April 2024, down 3.4% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $251.2K | $80K | -68.2% |
2 Bedrooms | $129K | $145K | +12.4% |
3 Bedrooms | $152.3K | $149.9K | -1.6% |
4 Bedrooms | $193.6K | $175K | -9.6% |
5+ Bedrooms | $180K | $176K | -2.2% |
Summary: Herkimer County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Counties
Montgomery County | $160K | $176.6K | +10.4% |
Hamilton County | $275K | $300K | +9.1% |
Fulton County | $148.9K | $160.3K | +7.7% |
Oneida County | $184K | $189.3K | +2.9% |
Herkimer County | $160.4K | $155K | -3.4% |
Housing Supply in Herkimer County, NY
How many homes are available in Herkimer County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
176 | 169 | -4.0% |
Summary: The Herkimer County real estate market had 169 homes for sale in April 2024, a 4.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 82 | 86 | +4.9% |
4 Bedrooms | 39 | 36 | -7.7% |
5+ Bedrooms | 32 | 25 | -21.9% |
Summary: The Herkimer County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 21.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 18 | -41.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Herkimer County in April 2024, down by 41.9% month-over-month. Of the 18 sold homes, 78% were sold under asking, 6% were sold at asking, and 17% were sold over asking.
Days on Market for Herkimer County, NY
How long does it take to sell a home in Herkimer County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 61 Days | +35.5% |
Summary: Homes in Herkimer County had an average of 61 days on market in Apr 2024, up by 35.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Herkimer County; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.