Is Scottsville, 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, Scottsville was a Neutral Market.
Key Takeaway
Scottsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scottsville, NY
How much do homes in Scottsville, NY cost?
Median Sold Price
$229,250
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Scottsville have sold for 31.1% more than they did a year ago.
Summary: The median home sold price in Scottsville was $229,250 in May 2024, up 31.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $110K | $179.2K | +63.0% |
| 3 Bedrooms | $172.7K | $245K | +41.8% |
| 4 Bedrooms | $185K | $177K | -4.3% |
| 5+ Bedrooms | $230K | $342.7K | +49.0% |
Summary: Scottsville 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 63%, 3 bedroom homes increased by 41.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 49%.
Median Sold Price Compared To Nearby Cities
| Wheatland | $172K | $247.5K | +43.9% |
| Scottsville | $174.9K | $229.2K | +31.1% |
Housing Supply in Scottsville, NY
How many homes are available in Scottsville, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Scottsville real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Scottsville 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scottsville, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Scottsville in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Scottsville, NY
How long does it take to sell a home in Scottsville, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 6 Days | -14.3% |
Summary: Homes in Scottsville had an average of 6 days on market in May 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
5 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 Scottsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Scottsville; 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.
