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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Denmark is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Denmark was a Buyer's Market.

Key Takeaway

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

Housing Prices in Denmark, NY

How much do homes in Denmark, 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 Denmark have sold for 25% more than they did a month ago.

Summary: The median home sold price in Denmark 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

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $100K$65K
-35.0%
3 -$223.9K
N/A
4 --
N/A
5+ -$125K
N/A

Summary: Denmark 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

Denmark
+25.0%
Copenhagen
+25.0%

Housing Supply in Denmark, NY

How many homes are available in Denmark, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11110.0%

Summary: The Denmark real estate market had 11 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 44
0.0%
4 01
+100.0%
5+ 44
0.0%

Summary: The Denmark 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Denmark, 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 Denmark 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 Denmark, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
27 Days64 Days+137.0%

Summary: Homes in Denmark 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Denmark; 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.

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

Report Updated 16 Days Ago

Newest Listings in Denmark, NY

Nearby Markets to Denmark, NY

What housing markets are near Denmark, NY?