$10,000 Closing Credit*
$1,499,000
3,585 SqFt
5 Beds
•4 Full Baths
Janet A. Butler, Listing Office: Keuka Lake & Land Realty
Is Jerusalem, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Jerusalem has remained a Seller's Market.
Key Takeaway
Jerusalem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jerusalem, NY
How much do homes in Jerusalem, NY cost?
Median Sold Price
$435,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$137,750(+46.3%)
Key Takeaway
Homes in Jerusalem have sold for 46.3% more than they did a year ago.
Summary: The median home sold price in Jerusalem was $435,000 in October 2024, up 46.3% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $204.9K | N/A |
| 2 Bedrooms | $218K | $272.5K | +25.0% |
| 3 Bedrooms | $369.7K | $625K | +69.0% |
| 4 Bedrooms | $330K | $622K | +88.5% |
| 5+ Bedrooms | $601.5K | - | N/A |
Summary: Jerusalem housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 69%, 4 bedroom homes increased by 88.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jerusalem | $297.2K | $435K | +46.3% |
| Penn Yan | $225K | $282K | +25.3% |
| Milo | $212K | $232.5K | +9.7% |
Housing Supply in Jerusalem, NY
How many homes are available in Jerusalem, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Summary: The Jerusalem real estate market had 21 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Jerusalem housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jerusalem, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Jerusalem in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Jerusalem, NY
How long does it take to sell a home in Jerusalem, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 23 Days | +286.7% |
Summary: Homes in Jerusalem had an average of 23 days on market in Oct 2024, up by 286.7% compared to last year.
Breakdown of Home Sale Times
3 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 Jerusalem are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Jerusalem; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
