$3,117 Closing Credit*
$262,500
1,650 SqFt
3 Beds
•1 Full Bath
Joseph Murtha, Listing Office: North Star Real Estate & Property Management
Is Copenhagen, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Copenhagen was a Buyer's Market.
Key Takeaway
Copenhagen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Copenhagen, NY
How much do homes in Copenhagen, NY cost?
Median Sold Price
$125,000
$69/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$25,000(+25.0%)
Key Takeaway
Homes in Copenhagen have sold for 25% more than they did a month ago.
Summary: The median home sold price in Copenhagen was $125,000 in October 2024, up 25% from last month, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $100K | $65K | -35.0% |
| 3 Bedrooms | - | $223.9K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $125K | N/A |
Summary: Copenhagen housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Copenhagen | $100K | $125K | +25.0% |
| Denmark | $100K | $125K | +25.0% |
Housing Supply in Copenhagen, NY
How many homes are available in Copenhagen, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Copenhagen real estate market had 9 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Copenhagen housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Copenhagen, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Copenhagen in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Copenhagen, NY
How long does it take to sell a home in Copenhagen, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 64 Days | +137.0% |
Summary: Homes in Copenhagen had an average of 64 days on market in Oct 2024, up by 137% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Copenhagen are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Copenhagen; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
