$375,000
25.00 Acres
Land
Robyn Sansone, Listing Office: WNYbyOwner.com
Is Akron, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Akron was a Seller's Market.
Key Takeaway
Akron is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Akron, NY
How much do homes in Akron, NY cost?
Median Sold Price
$335,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+11.7%)
Key Takeaway
Homes in Akron have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Akron was $335,000 in October 2024, up 11.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.6K | $179.9K | +4.2% |
| 3 Bedrooms | $300K | $362.5K | +20.8% |
| 4 Bedrooms | $301K | $335K | +11.3% |
| 5+ Bedrooms | $340K | $325K | -4.4% |
Summary: Akron 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 4.2%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Newstead | $300K | $346.2K | +15.4% |
| Akron | $300K | $335K | +11.7% |
Housing Supply in Akron, NY
How many homes are available in Akron, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Akron real estate market had 24 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Akron 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 12.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Akron, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Akron in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Akron, NY
How long does it take to sell a home in Akron, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +39.7% |
Summary: Homes in Akron had an average of 25 days on market in Oct 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Akron are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Akron; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
