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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Honeoye is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Honeoye, NY

How much do homes in Honeoye, NY cost?

Median Sold Price

$324,900

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,211(+17.4%)

Key Takeaway

Homes in Honeoye have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in Honeoye was $324,900 in November 2024, up 17.4% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $124.2K-
N/A
2 $233.3K$315K
+35.0%
3 $365K$324.9K
-11.0%
4 $212.5K$410.5K
+93.2%
5+ $275K$427.5K
+55.5%

Summary: Honeoye housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 93.2%, and 5+ bedroom homes increased by 55.5%.

Median Sold Price Compared To Nearby Cities

Richmond
+25.5%
Honeoye
+17.4%
Bristol
+16.7%
Canadice
+3.5%

Housing Supply in Honeoye, NY

How many homes are available in Honeoye, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1815-16.7%

Summary: The Honeoye real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 62
-66.7%
4 65
-16.7%
5+ 24
+100.0%

Summary: The Honeoye housing inventory by bedroom type for November 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 66.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Honeoye, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Honeoye in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.

Days on Market for Honeoye, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days68 Days+60.4%

Summary: Homes in Honeoye had an average of 68 days on market in Nov 2024, up by 60.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Honeoye are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Honeoye; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

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