$3,076 Closing Credit*
$259,000
1,692 SqFt
3 Beds
•1 Full Bath, 1 Partial
Leah M. Butler, Listing Office: Keuka Lake & Land Realty Bath
Is Hammondsport, 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, Hammondsport was a Buyer's Market.
Key Takeaway
Hammondsport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hammondsport, NY
How much do homes in Hammondsport, NY cost?
Median Sold Price
$450,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$71,000(+18.7%)
Key Takeaway
Homes in Hammondsport have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Hammondsport was $450,000 in October 2024, up 18.7% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $423K | +211.0% |
| 2 Bedrooms | $389K | $360K | -7.5% |
| 3 Bedrooms | $462.5K | $385K | -16.8% |
| 4 Bedrooms | $288.6K | $598K | +107.2% |
| 5+ Bedrooms | $700K | $580K | -17.1% |
Summary: Hammondsport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 211%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes increased by 107.2%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Urbana | $284.3K | $357.5K | +25.7% |
| Hammondsport | $379K | $450K | +18.7% |
Housing Supply in Hammondsport, NY
How many homes are available in Hammondsport, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Summary: The Hammondsport real estate market had 30 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Hammondsport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammondsport, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Hammondsport in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Hammondsport, NY
How long does it take to sell a home in Hammondsport, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 21 Days | +171.9% |
Summary: Homes in Hammondsport had an average of 21 days on market in Oct 2024, up by 171.9% compared to last year.
Breakdown of Home Sale Times
6 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 Hammondsport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Hammondsport; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.