Is Pittsford, 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, Pittsford has remained a Seller's Market.
Key Takeaway
Pittsford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pittsford, NY
How much do homes in Pittsford, NY cost?
Median Sold Price
$455,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pittsford have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Pittsford was $455,000 in May 2024, up 11.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | - | N/A |
| 2 Bedrooms | $301.5K | $314K | +4.1% |
| 3 Bedrooms | $339.5K | $392.5K | +15.6% |
| 4 Bedrooms | $450K | $470K | +4.4% |
| 5+ Bedrooms | $600K | $620K | +3.3% |
Summary: Pittsford 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 4.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in Pittsford, NY
How many homes are available in Pittsford, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 94 | -2.1% |
Summary: The Pittsford real estate market had 94 homes for sale in May 2024, a 2.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 31 | 25 | -19.4% |
| 4 Bedrooms | 45 | 46 | +2.2% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Pittsford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsford, you could pay more than the asking price. 90.6% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Pittsford in May 2024, up by 33.3% month-over-month. Of the 32 sold homes, 6% were sold under asking, 3% were sold at asking, and 91% were sold over asking.
Days on Market for Pittsford, NY
How long does it take to sell a home in Pittsford, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 8 Days | -72.5% |
Summary: Homes in Pittsford had an average of 8 days on market in May 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pittsford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Pittsford; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
