Is Salina, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Salina was a Buyer's Market.
Key Takeaway
Salina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salina, NY
How much do homes in Salina, NY cost?
Median Sold Price
$198,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Salina have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Salina was $198,000 in April 2024, up 13.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.7K | $143.7K | 0% |
| 2 Bedrooms | $139K | $158K | +13.7% |
| 3 Bedrooms | $175K | $193K | +10.3% |
| 4 Bedrooms | $200K | $240K | +20.0% |
| 5+ Bedrooms | $247.5K | $250.5K | +1.2% |
Summary: Salina 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 increased by 13.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in Salina, NY
How many homes are available in Salina, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Summary: The Salina real estate market had 61 homes for sale in April 2024, a 10.3% decrease 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 | 12 | 8 | -33.3% |
| 3 Bedrooms | 35 | 32 | -8.6% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Salina 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 decreased by 33.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salina, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Salina in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Salina, NY
How long does it take to sell a home in Salina, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 13 Days | +44.0% |
Summary: Homes in Salina had an average of 13 days on market in Apr 2024, up by 44% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salina are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Salina; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
