Is Lewis County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lewis County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Lewis County was a Seller's Market.

Key Takeaway

Lewis County 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 Lewis County, NY

How much do homes in Lewis County, NY cost?

Median Sold Price

$166,450

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,950(+2.4%)

Key Takeaway

Homes in Lewis County have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Lewis County was $166,450 in October 2024, up 2.4% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $72.5K$119K
+64.1%
2 $109.7K$134K
+22.1%
3 $170.8K$160K
-6.3%
4 $189.8K$199.9K
+5.3%
5+ $175K$205.4K
+17.4%

Summary: Lewis County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.1%, 2 bedroom homes increased by 22.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Counties

Jefferson County
+9.2%
Oneida County
+8.7%
Lewis County
+2.4%
Herkimer County
0.0%

Housing Supply in Lewis County, NY

How many homes are available in Lewis County, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
116115-0.9%

Summary: The Lewis County real estate market had 115 homes for sale in October 2024, a 0.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 76
-14.3%
2 2424
0.0%
3 4442
-4.5%
4 2326
+13.0%
5+ 1817
-5.6%

Summary: The Lewis County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lewis County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Lewis County in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 6% were sold at asking, and 29% were sold over asking.

Days on Market for Lewis County, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
70 Days66 Days-6.0%

Summary: Homes in Lewis County had an average of 66 days on market in Oct 2024, down by 6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Lewis County; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

Newest Listings in Lewis County, NY

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