Is Ontario County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ontario County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Ontario County has remained a Seller's Market.

Key Takeaway

Ontario County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ontario County, NY

How much do homes in Ontario County, NY cost?

Median Sold Price

$279,847

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$1,359(-0.5%)

Key Takeaway

The sold price of homes in Ontario County has remained the same since last year.

Summary: The median home sold price in Ontario County was $279,847 in May 2024, down 0.5% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $229.9K$200K
-13.0%
2 $234K$242K
+3.4%
3 $253.9K$254.8K
0.3%
4 $342.7K$331K
-3.4%
5+ $391.5K$415K
+6.0%

Summary: Ontario County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Counties

Yates County
+13.4%
Monroe County
+9.4%
Livingston County
+9.4%
Seneca County
+2.8%
Ontario County
-0.5%

Housing Supply in Ontario County, NY

How many homes are available in Ontario County, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
266315+18.4%

Summary: The Ontario County real estate market had 315 homes for sale in May 2024, a 18.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 48
+100.0%
2 4453
+20.5%
3 118136
+15.3%
4 6884
+23.5%
5+ 3234
+6.3%

Summary: The Ontario County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5653-5.4%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ontario County, you could pay more than the asking price. 60.4% of homes here sold above asking price last month.

Summary: A total of 53 homes were sold or pending in Ontario County in May 2024, down by 5.4% month-over-month. Of the 53 sold homes, 30% were sold under asking, 9% were sold at asking, and 60% were sold over asking.

Days on Market for Ontario County, NY

How long does it take to sell a home in Ontario County, NY?

Average Sale Time

May 2023May 2024CHANGE
21 Days17 Days-17.7%

Summary: Homes in Ontario County had an average of 17 days on market in May 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ontario County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 53 homes were sold in Ontario County; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Ontario County, NY

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