Is Macedon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Macedon was a Seller's Market.
Key Takeaway
Macedon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Macedon, NY
How much do homes in Macedon, NY cost?
Median Sold Price
$286,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Macedon have sold for 4% more than they did a year ago.
Summary: The median home sold price in Macedon was $286,000 in May 2024, up 4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | - | N/A |
| 2 Bedrooms | $220K | $179.5K | -18.4% |
| 3 Bedrooms | $258.7K | $285K | +10.1% |
| 4 Bedrooms | $312K | $341.5K | +9.5% |
| 5+ Bedrooms | $315K | $305K | -3.2% |
Summary: Macedon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in Macedon, NY
How many homes are available in Macedon, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The Macedon real estate market had 26 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Macedon housing inventory by bedroom type for May 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 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macedon, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Macedon in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Macedon, NY
How long does it take to sell a home in Macedon, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | +2.5% |
Summary: Homes in Macedon had an average of 6 days on market in May 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macedon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Macedon; 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.
