$69,900
30.78 Acres
Land
•1 Full Bath
David Thomas, Listing Office: Chenango County Realty
Is Chenango County, 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, Chenango County was a Seller's Market.
Key Takeaway
Chenango County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chenango County, NY
How much do homes in Chenango County, NY cost?
Median Sold Price
$160,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,925(+14.2%)
Key Takeaway
Homes in Chenango County have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Chenango County was $160,000 in November 2024, up 14.2% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.3K | $110K | -36.9% |
| 2 Bedrooms | $119.5K | $90K | -24.7% |
| 3 Bedrooms | $148.4K | $156.4K | +5.4% |
| 4 Bedrooms | $152.5K | $187.5K | +23.0% |
| 5+ Bedrooms | $144K | $186.5K | +29.5% |
Summary: Chenango County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes decreased by 24.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Counties
| Chenango County | $140K | $160K | +14.2% |
| Madison County | $214.5K | $240K | +11.9% |
| Otsego County | $188.6K | $210.3K | +11.5% |
| Delaware County | $215K | $230.3K | +7.1% |
Housing Supply in Chenango County, NY
How many homes are available in Chenango County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 165 | 147 | -10.9% |
Summary: The Chenango County real estate market had 147 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 76 | 63 | -17.1% |
| 4 Bedrooms | 38 | 30 | -21.1% |
| 5+ Bedrooms | 29 | 32 | +10.3% |
Summary: The Chenango County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 15 | -44.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chenango County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Chenango County in November 2024, down by 44.4% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for Chenango County, NY
How long does it take to sell a home in Chenango County, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 36 Days | -23.1% |
Summary: Homes in Chenango County had an average of 36 days on market in Nov 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chenango County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Chenango County; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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