Is Le Ray, 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, Le Ray has remained a Seller's Market.
Key Takeaway
Le Ray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Le Ray, NY
How much do homes in Le Ray, NY cost?
Median Sold Price
$251,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Le Ray have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Le Ray was $251,000 in April 2024, down 5.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168.4K | $157.5K | -6.5% |
| 3 Bedrooms | $234K | $237K | +1.3% |
| 4 Bedrooms | $287K | $258.9K | -9.8% |
| 5+ Bedrooms | $334.5K | $240K | -28.3% |
Summary: Le Ray housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Black River | $242K | $255K | +5.4% |
| Le Ray | $264.9K | $251K | -5.2% |
Housing Supply in Le Ray, NY
How many homes are available in Le Ray, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Summary: The Le Ray real estate market had 28 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Le Ray 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Le Ray, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Le Ray in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Le Ray, NY
How long does it take to sell a home in Le Ray, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +17.9% |
Summary: Homes in Le Ray had an average of 26 days on market in Apr 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Le Ray are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Le Ray; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
