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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ilion is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Ilion, NY

How much do homes in Ilion, NY cost?

Median Sold Price

$136,400

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$21,660(+18.9%)

Key Takeaway

Homes in Ilion have sold for 18.9% more than they did a year ago.

Summary: The median home sold price in Ilion was $136,400 in September 2024, up 18.9% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $110K$113.5K
+3.2%
3 $105K$148K
+40.9%
4 $121K$136.4K
+12.7%
5+ $127.7K$109.7K
-14.1%

Summary: Ilion housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 14.1%.

Median Sold Price Compared To Nearby Cities

Ilion
+18.9%
German Flatts
+6.8%
Mohawk
-21.4%

Housing Supply in Ilion, NY

How many homes are available in Ilion, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3229-9.4%

Summary: The Ilion real estate market had 29 homes for sale in September 2024, a 9.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1310
-23.1%
4 1112
+9.1%
5+ 23
+50.0%

Summary: The Ilion housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ilion, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Ilion in September 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for Ilion, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days14 Days0.2%

Summary: Homes in Ilion had an average of 14 days on market in Sep 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 7 homes were sold in Ilion; 71% of homes were sold within 30 days, 29% 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 29 Days Ago

Newest Listings in Ilion, NY

Nearby Markets to Ilion, NY

What housing markets are near Ilion, NY?