Is Phoenix, 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, Phoenix was a Neutral Market.
Housing Prices in Phoenix, NY
How much do homes in Phoenix, NY cost?
Median Sold Price
$238,750
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Phoenix was $238,750 in May 2024, up 28.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $133.1K | $177.3K | +33.3% |
3 Bedrooms | $189.9K | $215K | +13.2% |
4 Bedrooms | $240K | $322K | +34.2% |
5+ Bedrooms | $167.9K | $250K | +48.9% |
Summary: Phoenix 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 increased by 33.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes increased by 48.9%.
Median Sold Price Compared To Nearby Cities
Phoenix | $185.5K | $238.7K | +28.7% |
Schroeppel | $193.5K | $220K | +13.7% |
Housing Supply in Phoenix, NY
How many homes are available in Phoenix, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Summary: The Phoenix real estate market had 22 homes for sale in May 2024, a 4.8% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Phoenix 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 increased by 33.3%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Phoenix in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Phoenix, NY
How long does it take to sell a home in Phoenix, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 10 Days | -31.7% |
Summary: Homes in Phoenix had an average of 10 days on market in May 2024, down by 31.7% 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
Summary: During May 2024, 4 homes were sold in Phoenix; 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.