$2,613 Closing Credit*
$220,000
1,152 SqFt
4 Beds
•1 Full Bath
Anna Whitte, Listing Office: WNY Metro Roberts Realty
Is Corfu, 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, 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
$260,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,250(+3.7%)
Key Takeaway
Homes in Corfu have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Corfu was $260,000 in November 2024, up 3.7% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $213.2K | $142.5K | -33.2% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $252.5K | $192.4K | -23.8% |
| 5+ Bedrooms | $605K | $265K | -56.2% |
Summary: Corfu housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 56.2%.
Median Sold Price Compared To Nearby Cities
| Corfu | $250.7K | $260K | +3.7% |
| Pembroke | $252.5K | $260K | +3.0% |
Housing Supply in Corfu, NY
How many homes are available in Corfu, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Summary: The Corfu real estate market had 9 homes for sale in November 2024, a 40.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 4 | -63.6% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Corfu 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 remained the same, 3 bedroom homes decreased by 63.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Corfu in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 8 Days | -41.4% |
Summary: Homes in Corfu had an average of 8 days on market in Nov 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 2 homes were sold in Corfu; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
