Is Holmes, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Holmes is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Holmes has remained a Seller's Market.

Key Takeaway

Holmes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Holmes, NY

How much do homes in Holmes, NY cost?

Median Sold Price

$490,000

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,000(+10.9%)

Key Takeaway

Homes in Holmes have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Holmes was $490,000 in October 2024, up 10.9% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $734K$285K
-61.2%
2 $410K$416.5K
+1.6%
3 $458K$490K
+7.0%
4 $419K$685K
+63.5%
5+ $535K$382K
-28.6%

Summary: Holmes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 63.5%, and 5+ bedroom homes decreased by 28.6%.

Median Sold Price Compared To Nearby Cities

Holmes
+10.9%
Beekman
+3.2%
Poughquag
-2.0%
Patterson
-6.4%

Housing Supply in Holmes, NY

How many homes are available in Holmes, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2023+15.0%

Summary: The Holmes real estate market had 23 homes for sale in October 2024, a 15.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 1315
+15.4%
4 43
-25.0%
5+ 00
0.0%

Summary: The Holmes 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 increased by 100%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Holmes, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Holmes in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Holmes, NY

How long does it take to sell a home in Holmes, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days38 Days-39.4%

Summary: Homes in Holmes had an average of 38 days on market in Oct 2024, down by 39.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Holmes has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Holmes; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Holmes, NY

Nearby Markets to Holmes, NY

What housing markets are near Holmes, NY?