Is Schroeppel, 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, Schroeppel was a Neutral Market.
Key Takeaway
Schroeppel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Schroeppel, NY
How much do homes in Schroeppel, NY cost?
Median Sold Price
$220,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Schroeppel have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Schroeppel was $220,000 in May 2024, up 13.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $122K | N/A |
| 2 Bedrooms | $136.2K | $170K | +24.8% |
| 3 Bedrooms | $190K | $220K | +15.8% |
| 4 Bedrooms | $260K | $242.5K | -6.7% |
| 5+ Bedrooms | $167.9K | $250K | +48.9% |
Summary: Schroeppel 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 24.8%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 6.7%, 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% |
| Clay | $220.2K | $250K | +13.5% |
| Hastings | $226.4K | $243K | +7.3% |
Housing Supply in Schroeppel, NY
How many homes are available in Schroeppel, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Schroeppel real estate market had 16 homes for sale in May 2024, a 11.1% decrease 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 | 6 | 8 | +33.3% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Schroeppel 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 33.3%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 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
Key Takeaway
If you're buying a home in Schroeppel, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Schroeppel 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 Schroeppel, NY
How long does it take to sell a home in Schroeppel, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 11 Days | -26.7% |
Summary: Homes in Schroeppel had an average of 11 days on market in May 2024, down by 26.7% 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
Key Takeaway
Many homes in Schroeppel are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Schroeppel; 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.
