$7,124 Closing Credit*
$599,900
3,206 SqFt
6 Beds
•4 Full Baths, 1 Partial
Carla J. Rosati, Listing Office: RE/MAX Realty Group
Is Chili, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Chili has remained a Seller's Market.
Key Takeaway
Chili is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chili, NY
How much do homes in Chili, NY cost?
Median Sold Price
$262,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$17,500(+7.1%)
Key Takeaway
Homes in Chili have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Chili was $262,500 in December 2024, up 7.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | - | N/A |
| 2 Bedrooms | $208K | $218K | +4.8% |
| 3 Bedrooms | $240K | $255K | +6.3% |
| 4 Bedrooms | $267K | $302.5K | +13.3% |
| 5+ Bedrooms | $285K | $310K | +8.8% |
Summary: Chili housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in Chili, NY
How many homes are available in Chili, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 66 | 47 | -28.8% |
Summary: The Chili real estate market had 47 homes for sale in December 2024, a 28.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 30 | 22 | -26.7% |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 4 | 0 | -100.0% |
Summary: The Chili 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 decreased by 9.1%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chili, you could pay more than the asking price. 81% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Chili in December 2024, up by 5.0% month-over-month. Of the 21 sold homes, 14% were sold under asking, 5% were sold at asking, and 81% were sold over asking.
Days on Market for Chili, NY
How long does it take to sell a home in Chili, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | +6.7% |
Summary: Homes in Chili had an average of 11 days on market in Dec 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chili are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in Chili; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
