$830 Closing Credit*
$69,900
1,216 SqFt
3 Beds
•1 Full Bath, 1 Partial
Amanda Swarts, Listing Office: Howard Hanna
Is Hornell, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Hornell has remained a Seller's Market.
Key Takeaway
Hornell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hornell, NY
How much do homes in Hornell, NY cost?
Median Sold Price
$120,000
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$5,250(+4.6%)
Key Takeaway
Homes in Hornell have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Hornell was $120,000 in December 2024, up 4.6% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $109K | $64K | -41.3% |
| 3 Bedrooms | $103K | $124.9K | +21.3% |
| 4 Bedrooms | $125.6K | $128.5K | +2.3% |
| 5+ Bedrooms | $160.6K | $110.5K | -31.2% |
Summary: Hornell housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.3%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 31.2%.
Housing Supply in Hornell, NY
How many homes are available in Hornell, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 58 | 48 | -17.2% |
Summary: The Hornell real estate market had 48 homes for sale in December 2024, a 17.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Hornell housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hornell, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Hornell in December 2024, up by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Hornell, NY
How long does it take to sell a home in Hornell, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +16.5% |
Summary: Homes in Hornell had an average of 34 days on market in Dec 2024, up by 16.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hornell are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in Hornell; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.