$7,303 Closing Credit*
$615,000
1,822 SqFt
3 Beds
•1 Full Bath, 1 Partial
Haley Nicole Jefferson, Listing Office: Keuka Lake & Land Realty
Is Hammondsport, 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, Hammondsport has remained a Seller'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
$487,500
$259/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$64,500(+15.2%)
Key Takeaway
Homes in Hammondsport have sold for 15.2% more than they did a month ago.
Summary: The median home sold price in Hammondsport was $487,500 in November 2024, up 15.2% from last month, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $301.4K | - | N/A |
| 2 Bedrooms | $592.5K | - | N/A |
| 3 Bedrooms | $234K | $487.5K | +108.3% |
| 4 Bedrooms | $909K | $1.6M | +76.0% |
| 5+ Bedrooms | - | $200K | N/A |
Summary: Hammondsport 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 108.3%, 4 bedroom homes increased by 76%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hammondsport | $423K | $487.5K | +15.2% |
| Urbana | $505K | $225K | -55.4% |
Housing Supply in Hammondsport, NY
How many homes are available in Hammondsport, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 23 | -17.9% |
Summary: The Hammondsport real estate market had 23 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hammondsport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hammondsport, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Hammondsport in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 118 Days | +484.0% |
Summary: Homes in Hammondsport had an average of 118 days on market in Nov 2024, up by 484% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hammondsport are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Hammondsport; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.