Is Sodus, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sodus has remained a Seller's Market.
Key Takeaway
Sodus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sodus, NY
How much do homes in Sodus, NY cost?
Median Sold Price
$168,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sodus have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Sodus was $168,000 in May 2024, up 6.6% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $40K | -78.1% |
| 2 Bedrooms | $160K | $116K | -27.5% |
| 3 Bedrooms | $170K | $180K | +5.9% |
| 4 Bedrooms | $104.9K | $168K | +60.1% |
| 5+ Bedrooms | $260K | $252.5K | -2.9% |
Summary: Sodus housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.1%, 2 bedroom homes decreased by 27.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 60.1%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in Sodus, NY
How many homes are available in Sodus, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Sodus real estate market had 7 homes for sale in May 2024, a 16.7% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Sodus 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sodus, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Sodus in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Sodus, NY
How long does it take to sell a home in Sodus, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 9 Days | -22.9% |
Summary: Homes in Sodus had an average of 9 days on market in May 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
3 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 Sodus are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Sodus; 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.
