$1,366 Closing Credit*
$115,000
1,678 SqFt
5 Beds
•2 Full Baths
Samantha C. Raduns, Listing Office: BHHS Zambito Realtors
Is Hornell, 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, Hornell was a Seller's Market.
Key Takeaway
Hornell 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 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 November 2023
+$5,000(+4.3%)
Key Takeaway
Homes in Hornell have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Hornell was $120,000 in November 2024, up 4.3% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $109K | $62K | -43.1% |
| 3 Bedrooms | $101K | $125.4K | +24.2% |
| 4 Bedrooms | $123.4K | $99.4K | -19.5% |
| 5+ Bedrooms | $160.6K | $113K | -29.6% |
Summary: Hornell 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 decreased by 43.1%, 3 bedroom homes increased by 24.2%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Cities
| Hornell | $115K | $120K | +4.3% |
| Hornellsville | $179K | $148.7K | -16.9% |
Housing Supply in Hornell, NY
How many homes are available in Hornell, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 56 | +12.0% |
Summary: The Hornell real estate market had 56 homes for sale in November 2024, a 12.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Hornell 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 increased by 16.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hornell, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Hornell in November 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 15 Days | -51.5% |
Summary: Homes in Hornell had an average of 15 days on market in Nov 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hornell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Hornell; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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.