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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Honeoye Falls is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Honeoye Falls, NY

How much do homes in Honeoye Falls, NY cost?

Median Sold Price

$404,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,000(+13.8%)

Key Takeaway

Homes in Honeoye Falls have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Honeoye Falls was $404,000 in November 2024, up 13.8% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$175K
+52.2%
2 $169K$275K
+62.7%
3 $285K$297.5K
+4.4%
4 $425K$500K
+17.6%
5+ $427.5K$670K
+56.7%

Summary: Honeoye Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.2%, 2 bedroom homes increased by 62.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 56.7%.

Median Sold Price Compared To Nearby Cities

Honeoye Falls
+13.8%
Mendon
+8.9%

Housing Supply in Honeoye Falls, NY

How many homes are available in Honeoye Falls, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2113-38.1%

Summary: The Honeoye Falls real estate market had 13 homes for sale in November 2024, a 38.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 86
-25.0%
4 75
-28.6%
5+ 20
-100.0%

Summary: The Honeoye Falls 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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 3 homes were sold or pending in Honeoye Falls in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Honeoye Falls, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days5 Days-64.4%

Summary: Homes in Honeoye Falls had an average of 5 days on market in Nov 2024, down by 64.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Honeoye Falls; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

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