$1,721 Closing Credit*
$144,900
1,736 SqFt
4 Beds
•2 Full Baths
Luke Sterling, Listing Office: Hunt Real Estate ERA
Is Herkimer, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Herkimer has remained a Buyer's Market.
Key Takeaway
Herkimer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Herkimer, NY
How much do homes in Herkimer, NY cost?
Median Sold Price
$133,750
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$10,750(+8.7%)
Key Takeaway
Homes in Herkimer have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Herkimer was $133,750 in September 2024, up 8.7% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $17K | - | N/A |
| 2 Bedrooms | $120.5K | $132K | +9.5% |
| 3 Bedrooms | $115K | $124.5K | +8.3% |
| 4 Bedrooms | $156.5K | $125K | -20.1% |
| 5+ Bedrooms | $85.6K | $187.5K | +118.9% |
Summary: Herkimer housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes increased by 118.9%.
Median Sold Price Compared To Nearby Cities
| Herkimer | $123K | $133.7K | +8.7% |
| German Flatts | $129K | $137.8K | +6.8% |
Housing Supply in Herkimer, NY
How many homes are available in Herkimer, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Summary: The Herkimer real estate market had 29 homes for sale in September 2024, a 17.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 16 | 10 | -37.5% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Herkimer housing inventory by bedroom type for September 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 37.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 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 Herkimer, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Herkimer in September 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Herkimer, NY
How long does it take to sell a home in Herkimer, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 65 Days | 65 Days | +0.5% |
Summary: Homes in Herkimer had an average of 65 days on market in Sep 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Herkimer are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Herkimer; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.