$4,394 Closing Credit*
$370,000
1,620 SqFt
3 Beds
•1 Full Bath
Michelle Kremmin, Listing Office: Howard Hanna Lake Group
Is Jerusalem, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$455,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+37.9%)
Key Takeaway
Homes in Jerusalem have sold for 37.9% more than they did a year ago.
Summary: The median home sold price in Jerusalem was $455,000 in November 2024, up 37.9% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $224.9K | N/A |
| 2 Bedrooms | $222.5K | $381.7K | +71.6% |
| 3 Bedrooms | $435K | $582.5K | +33.9% |
| 4 Bedrooms | $457.5K | $601K | +31.4% |
| 5+ Bedrooms | $2.1M | $3.2M | +53.8% |
Summary: Jerusalem 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 increased by 71.6%, 3 bedroom homes increased by 33.9%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 53.8%.
Median Sold Price Compared To Nearby Cities
| Jerusalem | $330K | $455K | +37.9% |
| Penn Yan | $236K | $282K | +19.5% |
| Milo | $235K | $230K | -2.1% |
Housing Supply in Jerusalem, NY
How many homes are available in Jerusalem, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The Jerusalem real estate market had 20 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Jerusalem 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 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jerusalem, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Jerusalem in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 17 Days | +104.4% |
Summary: Homes in Jerusalem had an average of 17 days on market in Nov 2024, up by 104.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 8 homes were sold in Jerusalem; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
