Is Ontario County, 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, Ontario County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $200K | -13.0% |
2 Bedrooms | $234K | $242K | +3.4% |
3 Bedrooms | $253.9K | $254.8K | 0.3% |
4 Bedrooms | $342.7K | $331K | -3.4% |
5+ Bedrooms | $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 | $227.5K | $258K | +13.4% |
Monroe County | $214.8K | $234.9K | +9.4% |
Livingston County | $192K | $210K | +9.4% |
Seneca County | $173K | $177.9K | +2.8% |
Ontario County | $281.2K | $279.8K | -0.5% |
Housing Supply in Ontario County, NY
How many homes are available in Ontario County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
266 | 315 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 44 | 53 | +20.5% |
3 Bedrooms | 118 | 136 | +15.3% |
4 Bedrooms | 68 | 84 | +23.5% |
5+ Bedrooms | 32 | 34 | +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 2024 | May 2024 | CHANGE |
---|---|---|
56 | 53 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 17 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
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.