$3,859 Closing Credit*
$325,000
3,766 SqFt
5 Beds
•3 Full Baths
Michael P Kearns, Listing Office: WNY Metro Roberts Realty
Is Derby, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Derby was a Seller's Market.
Key Takeaway
Derby is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Derby, NY
How much do homes in Derby, NY cost?
Median Sold Price
$220,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,000(+1.9%)
Key Takeaway
Homes in Derby have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Derby was $220,000 in October 2024, up 1.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $166K | $184.9K | +11.4% |
| 3 Bedrooms | $210K | $220K | +4.8% |
| 4 Bedrooms | $265K | $250K | -5.7% |
| 5+ Bedrooms | $280K | $187K | -33.2% |
Summary: Derby 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 increased by 11.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 33.2%.
Median Sold Price Compared To Nearby Cities
| Lake View | $305K | $345K | +13.1% |
| Evans | $190K | $205K | +7.9% |
| Derby | $216K | $220K | +1.9% |
| Eden | $287.4K | $271K | -5.7% |
Housing Supply in Derby, NY
How many homes are available in Derby, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Derby real estate market had 23 homes for sale in October 2024, a 8.0% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Derby 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 increased by 11.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
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 Derby, 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 Derby in October 2024, down by 50.0% 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 Derby, NY
How long does it take to sell a home in Derby, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 54 Days | +554.0% |
Summary: Homes in Derby had an average of 54 days on market in Oct 2024, up by 554% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Derby has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Derby; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
