$199,900
52.00 Acres
Land
•1 Full Bath
Daniel Terhune, Listing Office: Century 21 Turner Brokers
Is Ellery, 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, Ellery was a Buyer'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
$359,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,500(+21.9%)
Key Takeaway
Homes in Ellery have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Ellery was $359,500 in October 2024, up 21.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $149.5K | +24.6% |
| 2 Bedrooms | $192.4K | $215.7K | +12.1% |
| 3 Bedrooms | $327.9K | $349K | +6.4% |
| 4 Bedrooms | $420.9K | $602.5K | +43.1% |
| 5+ Bedrooms | $639.9K | $957.5K | +49.6% |
Summary: Ellery housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes increased by 49.6%.
Median Sold Price Compared To Nearby Cities
| Ellery | $295K | $359.5K | +21.9% |
| Bemus Point | $335K | $375K | +11.9% |
| Ellicott | $129K | $142K | +10.1% |
Housing Supply in Ellery, NY
How many homes are available in Ellery, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The Ellery real estate market had 26 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Ellery 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 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 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 Ellery, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ellery in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 120 Days | 35 Days | -70.4% |
Summary: Homes in Ellery had an average of 35 days on market in Oct 2024, down by 70.4% 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 October 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.
