$105,000
5.20 Acres
Land
Michelle Hawkins, Listing Office: Premier Listings Real Estate LLC
Is Machias, 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, Machias has remained a Seller's Market.
Key Takeaway
Machias is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Machias, NY
How much do homes in Machias, NY cost?
Median Sold Price
$252,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$82,000(+48.2%)
Key Takeaway
Homes in Machias have sold for 48.2% more than they did a year ago.
Summary: The median home sold price in Machias was $252,000 in November 2024, up 48.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $24.9K | - | N/A |
| 2 Bedrooms | $252.5K | $233.5K | -7.5% |
| 3 Bedrooms | $190K | $252K | +32.6% |
| 4 Bedrooms | $140K | $185K | +32.1% |
| 5+ Bedrooms | - | $425K | N/A |
Summary: Machias 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 decreased by 7.5%, 3 bedroom homes increased by 32.6%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Machias | $170K | $252K | +48.2% |
| Yorkshire | $152.5K | $214.5K | +40.7% |
| Freedom | $170.5K | $179.5K | +5.3% |
Housing Supply in Machias, NY
How many homes are available in Machias, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Machias real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Machias 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 25%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Machias, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Machias in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Machias, NY
How long does it take to sell a home in Machias, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 27 Days | +44.7% |
Summary: Homes in Machias had an average of 27 days on market in Nov 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
3 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 Machias are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Machias; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
