$105,000
6.00 Acres
Land
Robin Hanggi, Listing Office: Keller Williams Realty Gateway
Is Canandaigua, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Canandaigua has remained a Seller's Market.
Key Takeaway
Canandaigua is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canandaigua, NY
How much do homes in Canandaigua, NY cost?
Median Sold Price
$349,950
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,075(+3.3%)
Key Takeaway
Homes in Canandaigua have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Canandaigua was $349,950 in November 2024, up 3.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228.7K | $224K | -2.1% |
| 2 Bedrooms | $305K | $305K | 0.0% |
| 3 Bedrooms | $340K | $352.3K | +3.6% |
| 4 Bedrooms | $355.9K | $364.5K | +2.4% |
| 5+ Bedrooms | $430K | $464K | +7.9% |
Summary: Canandaigua housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Canandaigua, NY
How many homes are available in Canandaigua, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 104 | -14.0% |
Summary: The Canandaigua real estate market had 104 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 32 | 31 | -3.1% |
| 3 Bedrooms | 57 | 46 | -19.3% |
| 4 Bedrooms | 20 | 14 | -30.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Canandaigua housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 18 | -35.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canandaigua, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Canandaigua in November 2024, down by 35.7% month-over-month. Of the 18 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% were sold over asking.
Days on Market for Canandaigua, NY
How long does it take to sell a home in Canandaigua, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 29 Days | +176.0% |
Summary: Homes in Canandaigua had an average of 29 days on market in Nov 2024, up by 176% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Canandaigua are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Canandaigua; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
