$1,483 Closing Credit*
$124,900
670 SqFt
2 Beds
•1 Full Bath
Cindy I. Burnside, Listing Office: Peter Snell REALTORS
Is Gaines, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gaines has remained a Seller's Market.
Key Takeaway
Gaines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gaines, NY
How much do homes in Gaines, NY cost?
Median Sold Price
$157,500
$109/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$5,000(+3.3%)
Key Takeaway
Homes in Gaines have sold for 3.3% more than they did a month ago.
Summary: The median home sold price in Gaines was $157,500 in December 2024, up 3.3% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $58K | - | N/A |
| 3 Bedrooms | $151.2K | $157.5K | +4.1% |
| 4 Bedrooms | $180K | - | N/A |
| 5+ Bedrooms | $165K | - | N/A |
Summary: Gaines housing prices by bedroom type for December 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 4.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gaines | $152.5K | $157.5K | +3.3% |
| Carlton | $208.5K | $212K | +1.7% |
Housing Supply in Gaines, NY
How many homes are available in Gaines, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Summary: The Gaines real estate market had 2 homes for sale in December 2024, a 71.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Gaines housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gaines, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Gaines in December 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gaines, NY
How long does it take to sell a home in Gaines, NY?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 Days | 39 Days | +22.6% |
Summary: Homes in Gaines had an average of 39 days on market in Dec 2024, up by 22.6% 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
Key Takeaway
Avg time on Rocket Homes in Gaines has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Gaines; 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.
