$1,425 Closing Credit*
$120,000
1,678 SqFt
3 Beds
•3 Full Baths
Julie A Rizzo, Listing Office: Candy Costa Real Estate LLC
Is Adams, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Adams has remained a Seller's Market.
Key Takeaway
Adams is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adams, NY
How much do homes in Adams, NY cost?
Median Sold Price
$225,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,400(+26.7%)
Key Takeaway
Homes in Adams have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in Adams was $225,000 in October 2024, up 26.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134K | $187.5K | +39.9% |
| 3 Bedrooms | $197.6K | $225K | +13.9% |
| 4 Bedrooms | $220.7K | $235K | +6.5% |
| 5+ Bedrooms | $110K | $189.5K | +72.3% |
Summary: Adams housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 72.3%.
Housing Supply in Adams, NY
How many homes are available in Adams, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Adams real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Adams housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adams, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Adams in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Adams, NY
How long does it take to sell a home in Adams, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 11 Days | -70.3% |
Summary: Homes in Adams had an average of 11 days on market in Oct 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
5 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 Adams are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Adams; 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.
