$1,122 Closing Credit*
$94,500
1,876 SqFt
4 Beds
•2 Full Baths
Brandon Mosher, Listing Office: River Hills Properties LLC Lf
Is Herkimer, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Herkimer has remained a Seller's Market.
Key Takeaway
Herkimer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Herkimer, NY
How much do homes in Herkimer, NY cost?
Median Sold Price
$133,750
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,250(+11.0%)
Key Takeaway
Homes in Herkimer have sold for 11% more than they did a year ago.
Summary: The median home sold price in Herkimer was $133,750 in October 2024, up 11% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $17K | - | N/A |
| 2 Bedrooms | $120.5K | $114.5K | -5.0% |
| 3 Bedrooms | $114.2K | $124.5K | +9.0% |
| 4 Bedrooms | $139.9K | $132.5K | -5.3% |
| 5+ Bedrooms | $85.6K | $187.5K | +118.9% |
Summary: Herkimer housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 118.9%.
Median Sold Price Compared To Nearby Cities
| Herkimer | $120.5K | $133.7K | +11.0% |
| German Flatts | $129K | $136K | +5.4% |
Housing Supply in Herkimer, NY
How many homes are available in Herkimer, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Herkimer real estate market had 25 homes for sale in October 2024, a 7.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Herkimer housing inventory by bedroom type for October 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 10%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Herkimer in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 56 Days | +36.6% |
Summary: Homes in Herkimer had an average of 56 days on market in Oct 2024, up by 36.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Herkimer are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Herkimer; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.