Is Essex County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Essex County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Essex County has remained a Seller's Market.

Key Takeaway

Essex County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Essex County, NY

How much do homes in Essex County, NY cost?

Median Sold Price

$210,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,000(+18.0%)

Key Takeaway

Homes in Essex County have sold for 18% more than they did a year ago.

Summary: The median home sold price in Essex County was $210,000 in November 2024, up 18% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $188.7K$138.5K
-26.6%
2 $150K$202.5K
+35.0%
3 $193.4K$195K
+0.8%
4 $232.3K$215.5K
-7.2%
5+ $180K$325K
+80.6%

Summary: Essex County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.6%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 80.6%.

Median Sold Price Compared To Nearby Counties

Essex County
+18.0%
Warren County
+6.8%

Housing Supply in Essex County, NY

How many homes are available in Essex County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11197-12.6%

Summary: The Essex County real estate market had 97 homes for sale in November 2024, a 12.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 65
-16.7%
2 1816
-11.1%
3 3831
-18.4%
4 3836
-5.3%
5+ 119
-18.2%

Summary: The Essex County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1124+118.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Essex County, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Essex County in November 2024, up by 118.2% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% were sold over asking.

Days on Market for Essex County, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
51 Days49 Days-4.2%

Summary: Homes in Essex County had an average of 49 days on market in Nov 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Essex County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 24 homes were sold in Essex County; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in Essex County, NY

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