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 neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Cape Vincent was a Seller's Market.

Key Takeaway

Cape Vincent 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 Cape Vincent, NY

How much do homes in Cape Vincent, NY cost?

Median Sold Price

$366,250

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$138,750(+61.0%)

Key Takeaway

Homes in Cape Vincent have sold for 61% more than they did a year ago.

Summary: The median home sold price in Cape Vincent was $366,250 in November 2024, up 61% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$410K
N/A
2 $180K$223.5K
+24.2%
3 $257K$380K
+47.9%
4 $245K$395.5K
+61.4%
5+ $220K$542.5K
+146.6%

Summary: Cape Vincent housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 47.9%, 4 bedroom homes increased by 61.4%, and 5+ bedroom homes increased by 146.6%.

Housing Supply in Cape Vincent, NY

How many homes are available in Cape Vincent, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1713-23.5%

Summary: The Cape Vincent real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 33
0.0%
3 65
-16.7%
4 42
-50.0%
5+ 33
0.0%

Summary: The Cape Vincent housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cape Vincent in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2023Nov 2024CHANGE
28 Days82 Days+194.6%

Summary: Homes in Cape Vincent had an average of 82 days on market in Nov 2024, up by 194.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cape Vincent has remained consistent over time.

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

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