$1,800,500
251.00 Acres
Land
Scott Varley, Listing Office: KW Platform
Is Herkimer County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Herkimer County was a Seller's Market.
Key Takeaway
Herkimer County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Herkimer County, NY
How much do homes in Herkimer County, NY cost?
Median Sold Price
$155,000
$102/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Herkimer County has remained the same since last year.
Summary: The median home sold price in Herkimer County was $155,000 in November 2024, the same as last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $225K | +57.9% |
| 2 Bedrooms | $142.5K | $131.1K | -8.0% |
| 3 Bedrooms | $149.6K | $154K | +2.9% |
| 4 Bedrooms | $182.6K | $172K | -5.8% |
| 5+ Bedrooms | $180K | $176K | -2.2% |
Summary: Herkimer County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.9%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Counties
| Fulton County | $155.7K | $169.2K | +8.6% |
| Oneida County | $184.9K | $199.9K | +8.1% |
| Montgomery County | $172K | $184.5K | +7.3% |
| Hamilton County | $310K | $320K | +3.2% |
| Herkimer County | $155K | $155K | 0.0% |
Housing Supply in Herkimer County, NY
How many homes are available in Herkimer County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 229 | 194 | -15.3% |
Summary: The Herkimer County real estate market had 194 homes for sale in November 2024, a 15.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 32 | 32 | 0.0% |
| 3 Bedrooms | 92 | 68 | -26.1% |
| 4 Bedrooms | 62 | 57 | -8.1% |
| 5+ Bedrooms | 39 | 35 | -10.3% |
Summary: The Herkimer County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 30 | -36.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Herkimer County, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Herkimer County in November 2024, down by 36.2% month-over-month. Of the 30 sold homes, 53% were sold under asking, 17% were sold at asking, and 30% were sold over asking.
Days on Market for Herkimer County, NY
How long does it take to sell a home in Herkimer County, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 31 Days | -15.8% |
Summary: Homes in Herkimer County had an average of 31 days on market in Nov 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Herkimer County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Herkimer County; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% 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. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Columbia Greene Northern Dutchess Multiple Listing Service. All rights reserved.