$3,147 Closing Credit*
$265,000
1,985 SqFt
4 Beds
•2 Full Baths
Olivia Brower, Listing Office: RE/MAX Plus
Is Chili, 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, 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
$265,833
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,833(+10.8%)
Key Takeaway
Homes in Chili have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Chili was $265,833 in November 2024, up 10.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $135K | +3.8% |
| 2 Bedrooms | $194.5K | $218K | +12.1% |
| 3 Bedrooms | $240K | $258.5K | +7.7% |
| 4 Bedrooms | $260K | $309.5K | +19.0% |
| 5+ Bedrooms | $285K | $299.5K | +5.1% |
Summary: Chili housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Chili, NY
How many homes are available in Chili, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 58 | -24.7% |
Summary: The Chili real estate market had 58 homes for sale in November 2024, a 24.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 8 | -42.9% |
| 3 Bedrooms | 37 | 27 | -27.0% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Chili 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 42.9%, 3 bedroom homes decreased by 27%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chili, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Chili in November 2024, down by 28.0% month-over-month. Of the 18 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 13 Days | +6.4% |
Summary: Homes in Chili had an average of 13 days on market in Nov 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chili are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Chili; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
