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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Auburn has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Auburn, NY

How much do homes in Auburn, NY cost?

Median Sold Price

$170,000

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,350(+6.5%)

Key Takeaway

Homes in Auburn have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Auburn was $170,000 in October 2024, up 6.5% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $367.5K$107.5K
-70.7%
2 $135K$138K
+2.2%
3 $156.4K$178.9K
+14.4%
4 $179.9K$170K
-5.5%
5+ $160K$169.5K
+5.9%

Summary: Auburn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Auburn
+6.5%
Fleming
+4.7%

Housing Supply in Auburn, NY

How many homes are available in Auburn, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
163153-6.1%

Summary: The Auburn real estate market had 153 homes for sale in October 2024, a 6.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 97
-22.2%
3 7370
-4.1%
4 5046
-8.0%
5+ 2828
0.0%

Summary: The Auburn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3233+3.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn, you could pay more than the asking price. 48.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Auburn in October 2024, up by 3.1% month-over-month. Of the 33 sold homes, 42% were sold under asking, 9% were sold at asking, and 48% were sold over asking.

Days on Market for Auburn, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days14 Days-65.6%

Summary: Homes in Auburn had an average of 14 days on market in Oct 2024, down by 65.6% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 33 homes were sold in Auburn; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Auburn, NY

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