$4,750 Closing Credit*
$400,000
528 SqFt
2 Beds
•1 Full Bath
Thomas J McGroder, Listing Office: Thomas J Real Estate Inc
Is Edinburg, 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, Edinburg has remained a Neutral Market.
Key Takeaway
Edinburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Edinburg, NY
How much do homes in Edinburg, NY cost?
Median Sold Price
$285,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$112,000(-28.2%)
Key Takeaway
Homes in Edinburg have sold for 28.2% less than they did a year ago.
Summary: The median home sold price in Edinburg was $285,000 in October 2024, down 28.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | - | N/A |
| 2 Bedrooms | $240K | $297K | +23.8% |
| 3 Bedrooms | $445K | $242K | -45.6% |
| 4 Bedrooms | $845K | $590K | -30.2% |
| 5+ Bedrooms | $680K | $727.5K | +7.0% |
Summary: Edinburg 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 23.8%, 3 bedroom homes decreased by 45.6%, 4 bedroom homes decreased by 30.2%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Providence | $240K | $330K | +37.5% |
| Northville | $320K | $235K | -26.6% |
| Edinburg | $397K | $285K | -28.2% |
Housing Supply in Edinburg, NY
How many homes are available in Edinburg, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Edinburg real estate market had 13 homes for sale in October 2024, a 7.1% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 5 | 1 | -80.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Edinburg 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 increased by 20%, 3 bedroom homes decreased by 80%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Edinburg, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Edinburg in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Edinburg, NY
How long does it take to sell a home in Edinburg, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 12 Days | +212.5% |
Summary: Homes in Edinburg had an average of 12 days on market in Oct 2024, up by 212.5% 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
Key Takeaway
Many homes in Edinburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Edinburg; 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.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.