Is 13501, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 13501 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 13501 was a Neutral Market.

Key Takeaway

13501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 13501, NY

How much do homes in 13501, NY cost?

Median Sold Price

$180,000

$97/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 13501 has remained the same since last year.

Summary: The median home sold price in 13501 was $180,000 in October 2024, the same as last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$115K
-30.3%
2 $200.8K$185.7K
-7.5%
3 $185.5K$188.5K
+1.6%
4 $186K$190K
+2.2%
5+ $150K$155K
+3.3%

Summary: 13501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.3%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Zip Codes

13413
+6.2%
13501
0.0%
13502
0.0%
13340
-11.6%

Housing Supply in 13501, NY

How many homes are available in 13501, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9378-16.1%

Summary: The 13501 real estate market had 78 homes for sale in October 2024, a 16.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 52
-60.0%
3 2925
-13.8%
4 2119
-9.5%
5+ 3732
-13.5%

Summary: The 13501 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 13.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2321-8.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 13501, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 13501 in October 2024, down by 8.7% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for 13501, NY

How long does it take to sell a home in 13501, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days20 Days+4.8%

Summary: Homes in 13501 had an average of 20 days on market in Oct 2024, up by 4.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 13501 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 13501; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% 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 14 Days Ago

Newest Listings in 13501, NY

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