$3,325 Closing Credit*
$280,000
2,180 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jeremy Holland, Listing Office: Real Estate Advantage
Is Ellery, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Ellery was a Seller's Market.
Key Takeaway
Ellery 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 Ellery, NY
How much do homes in Ellery, NY cost?
Median Sold Price
$359,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+16.0%)
Key Takeaway
Homes in Ellery have sold for 16% more than they did a year ago.
Summary: The median home sold price in Ellery was $359,000 in November 2024, up 16% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $149.5K | +24.6% |
| 2 Bedrooms | $199.9K | $215.7K | +7.9% |
| 3 Bedrooms | $331.4K | $349K | +5.3% |
| 4 Bedrooms | $420.9K | $575K | +36.6% |
| 5+ Bedrooms | $996.2K | $957.5K | -3.9% |
Summary: Ellery housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Ellery | $309.5K | $359K | +16.0% |
| Bemus Point | $337.6K | $380K | +12.6% |
| Ellicott | $129.7K | $142K | +9.4% |
Housing Supply in Ellery, NY
How many homes are available in Ellery, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Ellery real estate market had 24 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Ellery 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 decreased by 60%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellery, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ellery in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ellery, NY
How long does it take to sell a home in Ellery, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 37 Days | -45.6% |
Summary: Homes in Ellery had an average of 37 days on market in Nov 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellery are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Ellery; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
