Is Deerfield, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deerfield is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Deerfield has remained a Seller's Market.

Key Takeaway

Deerfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Deerfield, NY

How much do homes in Deerfield, NY cost?

Median Sold Price

$302,500

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$73,500(+32.1%)

Key Takeaway

Homes in Deerfield have sold for 32.1% more than they did a year ago.

Summary: The median home sold price in Deerfield was $302,500 in November 2024, up 32.1% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$162K
N/A
2 $182K$242.5K
+33.2%
3 $235K$288.5K
+22.8%
4 $231.3K$352.5K
+52.4%
5+ $338K$405K
+19.8%

Summary: Deerfield 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 increased by 33.2%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 52.4%, and 5+ bedroom homes increased by 19.8%.

Median Sold Price Compared To Nearby Cities

Deerfield
+32.1%
Russia
-2.2%
Marcy
-4.5%

Housing Supply in Deerfield, NY

How many homes are available in Deerfield, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The Deerfield real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 67
+16.7%
5+ 10
-100.0%

Summary: The Deerfield 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 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deerfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Deerfield in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Deerfield, NY

How long does it take to sell a home in Deerfield, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days11 Days-27.4%

Summary: Homes in Deerfield had an average of 11 days on market in Nov 2024, down by 27.4% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deerfield are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Deerfield; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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