$4,453 Closing Credit*
$375,000
7,392 SqFt
5 Beds
Steven Persico, Listing Office: 716 Realty Group WNY LLC
Is Abbott McKinley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Abbott McKinley has remained a Seller's Market.
Key Takeaway
Abbott McKinley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Abbott McKinley, NY
How much do homes in Abbott McKinley, NY cost?
Median Sold Price
$235,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+17.5%)
Key Takeaway
Homes in Abbott McKinley have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Abbott McKinley was $235,000 in November 2024, up 17.5% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $192.9K | +24.5% |
| 3 Bedrooms | $200K | $226.6K | +13.3% |
| 4 Bedrooms | $211.2K | $218.5K | +3.4% |
| 5+ Bedrooms | $195K | $260K | +33.3% |
Summary: Abbott McKinley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South Abbott | $225K | $274K | +21.8% |
| Abbott McKinley | $200K | $235K | +17.5% |
| Cazenovia Park | $180.9K | $187K | +3.3% |
Housing Supply in Abbott McKinley, NY
How many homes are available in Abbott McKinley, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Abbott McKinley real estate market had 25 homes for sale in November 2024, a 3.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Abbott McKinley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abbott McKinley, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Abbott McKinley in November 2024, up by 350.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Abbott McKinley, NY
How long does it take to sell a home in Abbott McKinley, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 10 Days | -37.3% |
Summary: Homes in Abbott McKinley had an average of 10 days on market in Nov 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Abbott McKinley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Abbott McKinley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
