Is Canandaigua, 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, Canandaigua has remained a Seller's Market.
Key Takeaway
Canandaigua is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canandaigua, NY
How much do homes in Canandaigua, NY cost?
Median Sold Price
$335,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Canandaigua have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Canandaigua was $335,000 in May 2024, up 6.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369.2K | $228.7K | -38.1% |
| 2 Bedrooms | $281.5K | $302.5K | +7.5% |
| 3 Bedrooms | $309.9K | $350K | +12.9% |
| 4 Bedrooms | $340K | $353K | +3.8% |
| 5+ Bedrooms | $306K | $539K | +76.1% |
Summary: Canandaigua housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 76.1%.
Housing Supply in Canandaigua, NY
How many homes are available in Canandaigua, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 101 | +32.9% |
Summary: The Canandaigua real estate market had 101 homes for sale in May 2024, a 32.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 26 | 33 | +26.9% |
| 4 Bedrooms | 23 | 33 | +43.5% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Canandaigua housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canandaigua, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Canandaigua in May 2024, up by 20.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% were sold over asking.
Days on Market for Canandaigua, NY
How long does it take to sell a home in Canandaigua, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -25.0% |
Summary: Homes in Canandaigua had an average of 13 days on market in May 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canandaigua are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Canandaigua; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
