Is Steuben County, 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, Steuben County was a Seller's Market.
Housing Prices in Steuben County, NY
How much do homes in Steuben County, NY cost?
Median Sold Price
$150,333
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Steuben County was $150,333 in May 2024, up 3.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $86.4K | -17.7% |
2 Bedrooms | $139.9K | $165K | +17.9% |
3 Bedrooms | $145K | $150K | +3.4% |
4 Bedrooms | $152K | $140K | -7.9% |
5+ Bedrooms | $170K | $180K | +5.9% |
Summary: Steuben County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Counties
Yates County | $227.5K | $258K | +13.4% |
Livingston County | $192K | $210K | +9.4% |
Steuben County | $145K | $150.3K | +3.7% |
Ontario County | $281.2K | $279.8K | -0.5% |
Housing Supply in Steuben County, NY
How many homes are available in Steuben County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
253 | 308 | +21.7% |
Summary: The Steuben County real estate market had 308 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 50 | 54 | +8.0% |
3 Bedrooms | 105 | 125 | +19.0% |
4 Bedrooms | 67 | 85 | +26.9% |
5+ Bedrooms | 28 | 40 | +42.9% |
Summary: The Steuben County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Steuben County in May 2024, up by 39.1% month-over-month. Of the 32 sold homes, 44% were sold under asking, 16% were sold at asking, and 41% were sold over asking.
Days on Market for Steuben County, NY
How long does it take to sell a home in Steuben County, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 39 Days | +20.9% |
Summary: Homes in Steuben County had an average of 39 days on market in May 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Steuben County; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.