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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bainbridge is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bainbridge has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Bainbridge, NY

How much do homes in Bainbridge, NY cost?

Median Sold Price

$190,000

$104/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$42,500(+28.8%)

Key Takeaway

Homes in Bainbridge have sold for 28.8% more than they did a month ago.

Summary: The median home sold price in Bainbridge was $190,000 in October 2024, up 28.8% from last month, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $215K$180K
-16.3%
4 $118.7K$264.5K
+122.7%
5+ $254.7K-
N/A

Summary: Bainbridge housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 122.7%, and 5+ bedroom homes did not change.

Housing Supply in Bainbridge, NY

How many homes are available in Bainbridge, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2219-13.6%

Summary: The Bainbridge real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 77
0.0%
4 108
-20.0%
5+ 42
-50.0%

Summary: The Bainbridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bainbridge, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Bainbridge in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Bainbridge, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
27 Days80 Days+191.3%

Summary: Homes in Bainbridge had an average of 80 days on market in Oct 2024, up by 191.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bainbridge has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Bainbridge; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 20 Days Ago

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