$3,681 Closing Credit*
$310,000
1,621 SqFt
4 Beds
•2 Full Baths
Andrea Price, Listing Office: Howard Hanna Real Estate
Is De Witt, 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, De Witt has remained a Seller's Market.
Key Takeaway
De Witt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in De Witt, NY
How much do homes in De Witt, NY cost?
Median Sold Price
$269,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,000(-0.4%)
Key Takeaway
The sold price of homes in De Witt has remained the same since last year.
Summary: The median home sold price in De Witt was $269,000 in October 2024, down 0.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $133K | +11.8% |
| 2 Bedrooms | $162.5K | $161.7K | -0.5% |
| 3 Bedrooms | $218.7K | $250K | +14.3% |
| 4 Bedrooms | $333.2K | $366.9K | +10.1% |
| 5+ Bedrooms | $500K | $387.5K | -22.5% |
Summary: De Witt housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $340K | $440K | +29.4% |
| East Syracuse | $210K | $230K | +9.5% |
| Salina | $187K | $202K | +8.0% |
| Syracuse | $170K | $179.9K | +5.9% |
| De Witt | $270K | $269K | -0.4% |
Housing Supply in De Witt, NY
How many homes are available in De Witt, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 81 | -19.0% |
Summary: The De Witt real estate market had 81 homes for sale in October 2024, a 19.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 36 | 29 | -19.4% |
| 4 Bedrooms | 35 | 24 | -31.4% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The De Witt 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 18.2%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in De Witt, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in De Witt in October 2024, down by 31.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for De Witt, NY
How long does it take to sell a home in De Witt, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 25 Days | +119.9% |
Summary: Homes in De Witt had an average of 25 days on market in Oct 2024, up by 119.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in De Witt are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in De Witt; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
