$1,780 Closing Credit*
$149,900
864 SqFt
2 Beds
•1 Full Bath
Richard Joseph Teifke, Listing Office: Hunt Real Estate ERA
Is Lowville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lowville was a Seller's Market.
Key Takeaway
Lowville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lowville, NY
How much do homes in Lowville, NY cost?
Median Sold Price
$168,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+5.0%)
Key Takeaway
Homes in Lowville have sold for 5% more than they did a year ago.
Summary: The median home sold price in Lowville was $168,000 in October 2024, up 5% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $115K | +48.4% |
| 2 Bedrooms | $80K | $143.5K | +79.4% |
| 3 Bedrooms | $175K | $159K | -9.1% |
| 4 Bedrooms | $158K | $190.5K | +20.6% |
| 5+ Bedrooms | $182.5K | $286.5K | +57.0% |
Summary: Lowville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 79.4%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 57%.
Housing Supply in Lowville, NY
How many homes are available in Lowville, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The Lowville real estate market had 34 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lowville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lowville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lowville in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lowville, NY
How long does it take to sell a home in Lowville, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 59 Days | -31.6% |
Summary: Homes in Lowville had an average of 59 days on market in Oct 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lowville has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Lowville; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
