Is Hastings, 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, Hastings has remained a Seller's Market.
Key Takeaway
Hastings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hastings, NY
How much do homes in Hastings, NY cost?
Median Sold Price
$243,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hastings have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Hastings was $243,000 in May 2024, up 7.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $152.2K | -13.0% |
| 3 Bedrooms | $225K | $205K | -8.9% |
| 4 Bedrooms | $300K | $350K | +16.7% |
| 5+ Bedrooms | $227.9K | $275K | +20.7% |
Summary: Hastings 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 decreased by 13%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Cities
| Hastings | $226.4K | $243K | +7.3% |
| Central Square | $225K | $231.5K | +2.9% |
Housing Supply in Hastings, NY
How many homes are available in Hastings, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Hastings real estate market had 18 homes for sale in May 2024, a 38.5% 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 | 0 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hastings 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 increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hastings, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hastings in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Hastings, NY
How long does it take to sell a home in Hastings, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 2 Days | 30 Days | +1056.3% |
Summary: Homes in Hastings had an average of 30 days on market in May 2024, up by 1056.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hastings are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Hastings; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
