$2,624 Closing Credit*
$221,000
1,280 SqFt
3 Beds
•1 Full Bath
Christine M Noonan, Listing Office: HUNT Real Estate Corporation
Is Derby, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Derby has remained a Seller's Market.
Key Takeaway
Derby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Derby, NY
How much do homes in Derby, NY cost?
Median Sold Price
$224,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,500(+4.4%)
Key Takeaway
Homes in Derby have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Derby was $224,500 in December 2024, up 4.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $217.7K | $175.9K | -19.2% |
| 3 Bedrooms | $210K | $224K | +6.7% |
| 4 Bedrooms | $250K | $240K | -4.0% |
| 5+ Bedrooms | $235.5K | $195.6K | -16.9% |
Summary: Derby housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Lake View | $300K | $385K | +28.3% |
| Evans | $190K | $207K | +9.0% |
| Derby | $215K | $224.5K | +4.4% |
| Eden | $275K | $277.4K | +0.9% |
Housing Supply in Derby, NY
How many homes are available in Derby, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Derby real estate market had 19 homes for sale in December 2024, a 13.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Derby housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Derby, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Derby in December 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 21 Days | 7 Days | -66.0% |
Summary: Homes in Derby had an average of 7 days on market in Dec 2024, down by 66% compared to last year.
Breakdown of Home Sale Times
5 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 Derby are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Derby; 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.
