Is Cape Vincent, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cape Vincent is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Cape Vincent was a Neutral Market.

Key Takeaway

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

Housing Prices in Cape Vincent, NY

How much do homes in Cape Vincent, NY cost?

Median Sold Price

$269,713

$118/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$352,286(-56.6%)

Key Takeaway

Homes in Cape Vincent have sold for 56.6% less than they did a month ago.

Summary: The median home sold price in Cape Vincent was $269,713 in December 2024, down 56.6% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $862K$155.4K
-82.0%
4 $382K$384K
0.5%
5+ --
N/A

Summary: Cape Vincent housing prices by bedroom type for December 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 82%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes did not change.

Housing Supply in Cape Vincent, NY

How many homes are available in Cape Vincent, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1311-15.4%

Summary: The Cape Vincent real estate market had 11 homes for sale in December 2024, a 15.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 54
-20.0%
4 21
-50.0%
5+ 33
0.0%

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

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cape Vincent, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cape Vincent in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Cape Vincent, NY

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

Average Sale Time

Nov 2024Dec 2024CHANGE
82 Days9 Days-88.5%

Summary: Homes in Cape Vincent had an average of 9 days on market in Dec 2024, down by 88.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Cape Vincent; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Cape Vincent, NY

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