Is Shelby, 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, Shelby was a Neutral Market.
Housing Prices in Shelby, NY
How much do homes in Shelby, NY cost?
Median Sold Price
$140,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shelby was $140,000 in May 2024, down 12.5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $77K | -14.4% |
2 Bedrooms | $81K | $63.7K | -21.3% |
3 Bedrooms | $171.3K | $130K | -24.1% |
4 Bedrooms | $160K | $180K | +12.5% |
5+ Bedrooms | $265K | $70K | -73.6% |
Summary: Shelby housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 73.6%.
Median Sold Price Compared To Nearby Cities
Medina | $143.5K | $140.5K | -2.1% |
Shelby | $160K | $140K | -12.5% |
Housing Supply in Shelby, NY
How many homes are available in Shelby, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Summary: The Shelby real estate market had 14 homes for sale in May 2024, a 75.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Shelby 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 increased by 133.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Shelby in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Shelby, NY
How long does it take to sell a home in Shelby, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 8 Days | -48.4% |
Summary: Homes in Shelby had an average of 8 days on market in May 2024, down by 48.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Shelby; 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.