$17,900
2.30 Acres
Land
Alecia Spontaneo, Listing Office: Real Estate Advantage
Is Busti, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Busti was a Buyer's Market.
Key Takeaway
Busti 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 Busti, NY
How much do homes in Busti, NY cost?
Median Sold Price
$249,950
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,700(+21.2%)
Key Takeaway
Homes in Busti have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in Busti was $249,950 in November 2024, up 21.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $194.9K | +8.3% |
| 2 Bedrooms | $133K | $168K | +26.3% |
| 3 Bedrooms | $203.2K | $245K | +20.5% |
| 4 Bedrooms | $266.5K | $291K | +9.2% |
| 5+ Bedrooms | $215.1K | $275.5K | +28.1% |
Summary: Busti housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 28.1%.
Housing Supply in Busti, NY
How many homes are available in Busti, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 35 | -14.6% |
Summary: The Busti real estate market had 35 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Busti housing inventory by bedroom type for November 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 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Busti, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Busti in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Busti, NY
How long does it take to sell a home in Busti, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 68 Days | +1605.0% |
Summary: Homes in Busti had an average of 68 days on market in Nov 2024, up by 1605% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Busti has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Busti; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
