$2,731 Closing Credit*
$230,000
2,004 SqFt
3 Beds
•2 Full Baths
Brenda O'Connor, Listing Office: Trank Real Estate
Is Corfu, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Corfu has remained a Seller's Market.
Key Takeaway
Corfu is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Corfu, NY
How much do homes in Corfu, NY cost?
Median Sold Price
$250,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,500(-1.0%)
Key Takeaway
Homes in Corfu have sold for 1% less than they did a year ago.
Summary: The median home sold price in Corfu was $250,000 in October 2024, down 1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201.5K | $195K | -3.2% |
| 3 Bedrooms | $252.5K | $280.2K | +11.0% |
| 4 Bedrooms | $252.5K | $196.2K | -22.3% |
| 5+ Bedrooms | $605K | $265K | -56.2% |
Summary: Corfu housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes decreased by 56.2%.
Median Sold Price Compared To Nearby Cities
| Darien | $220K | $265K | +20.5% |
| Corfu | $252.5K | $250K | -1.0% |
| Pembroke | $254K | $240K | -5.5% |
Housing Supply in Corfu, NY
How many homes are available in Corfu, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Corfu real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Corfu 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Corfu, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Corfu in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Corfu, NY
How long does it take to sell a home in Corfu, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 14 Days | -23.3% |
Summary: Homes in Corfu had an average of 14 days on market in Oct 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corfu are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Corfu; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
