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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Knox is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Knox was a Buyer's Market.

Key Takeaway

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

Housing Prices in Knox, NY

How much do homes in Knox, NY cost?

Median Sold Price

$321,500

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,500(+7.2%)

Key Takeaway

Homes in Knox have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Knox was $321,500 in October 2024, up 7.2% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$375K
+127.3%
3 $278K$321.5K
+15.6%
4 $372.5K$285K
-23.5%
5+ $400K$435K
+8.8%

Summary: Knox 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 127.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Cities

Guilderland
+15.5%
Berne
+11.4%
Knox
+7.2%

Housing Supply in Knox, NY

How many homes are available in Knox, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
138-38.5%

Summary: The Knox real estate market had 8 homes for sale in October 2024, a 38.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 95
-44.4%
4 10
-100.0%
5+ 22
0.0%

Summary: The Knox housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Knox, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Knox in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Knox, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
3 Days6 Days+100.0%

Summary: Homes in Knox had an average of 6 days on market in Oct 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Knox; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Knox, NY

Nearby Markets to Knox, NY