Is New Hartford, 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, New Hartford was a Neutral Market.
Key Takeaway
New Hartford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Hartford, NY
How much do homes in New Hartford, NY cost?
Median Sold Price
$265,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Hartford have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in New Hartford was $265,500 in May 2024, up 17.7% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170.5K | $220K | +29.0% |
| 3 Bedrooms | $210K | $239.9K | +14.3% |
| 4 Bedrooms | $273.4K | $352K | +28.7% |
| 5+ Bedrooms | $466K | $435K | -6.7% |
Summary: New Hartford 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 29%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
| New Hartford | $225.5K | $265.5K | +17.7% |
| Utica | $165K | $169.9K | +3.0% |
Housing Supply in New Hartford, NY
How many homes are available in New Hartford, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 46 | +27.8% |
Summary: The New Hartford real estate market had 46 homes for sale in May 2024, a 27.8% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The New Hartford 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 decreased by 25%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Hartford, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in New Hartford in May 2024, down by 63.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for New Hartford, NY
How long does it take to sell a home in New Hartford, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 3 Days | -73.4% |
Summary: Homes in New Hartford had an average of 3 days on market in May 2024, down by 73.4% 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 New Hartford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in New Hartford; 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.
