Is Patterson, 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, Patterson has remained a Seller's Market.
Housing Prices in Patterson, NY
How much do homes in Patterson, NY cost?
Median Sold Price
$444,500
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Patterson was $444,500 in April 2024, up 11.7% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.5K | $214.1K | +17.3% |
2 Bedrooms | $321K | $345K | +7.5% |
3 Bedrooms | $451.2K | $449K | -0.5% |
4 Bedrooms | $605K | $697.4K | +15.3% |
5+ Bedrooms | $325K | $587.5K | +80.8% |
Summary: Patterson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 80.8%.
Median Sold Price Compared To Nearby Cities
Sherman | $590K | $675K | +14.4% |
Southeast | $425K | $477K | +12.2% |
Patterson | $398K | $444.5K | +11.7% |
New Fairfield | $475K | $525K | +10.5% |
Holmes | $460K | $440K | -4.3% |
Housing Supply in Patterson, NY
How many homes are available in Patterson, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 43 | -2.3% |
Summary: The Patterson real estate market had 43 homes for sale in April 2024, a 2.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Patterson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Patterson in April 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for Patterson, NY
How long does it take to sell a home in Patterson, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
113 Days | 24 Days | -78.0% |
Summary: Homes in Patterson had an average of 24 days on market in Apr 2024, down by 78% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Patterson; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.