Is Esperance, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Esperance is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Esperance was a Seller's Market.

Key Takeaway

Esperance 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 Esperance, NY

How much do homes in Esperance, NY cost?

Median Sold Price

$260,000

$127/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$49,250(+23.4%)

Key Takeaway

Homes in Esperance have sold for 23.4% more than they did a month ago.

Summary: The median home sold price in Esperance was $260,000 in November 2024, up 23.4% from last month, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $210.7K$260K
+23.4%
4 --
N/A
5+ --
N/A

Summary: Esperance housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 23.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Esperance
+23.4%
Esperance
+23.4%

Housing Supply in Esperance, NY

How many homes are available in Esperance, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
96-33.3%

Summary: The Esperance real estate market had 6 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 74
-42.9%
4 22
0.0%
5+ 00
0.0%

Summary: The Esperance 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 remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Esperance, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Esperance in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Esperance, NY

How long does it take to sell a home in Esperance, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
7 Days42 Days+500.0%

Summary: Homes in Esperance had an average of 42 days on market in Nov 2024, up by 500% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Esperance has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Esperance; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Esperance, NY

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