$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 Last Month
Since last month, 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
$281,637
$183/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$14,637(+5.5%)
Key Takeaway
Homes in Machias have sold for 5.5% more than they did a month ago.
Summary: The median home sold price in Machias was $281,637 in December 2024, up 5.5% from last month, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $341K | $70.9K | -79.2% |
| 3 Bedrooms | $252K | $492.3K | +95.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Machias housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 79.2%, 3 bedroom homes increased by 95.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Machias | $267K | $281.6K | +5.5% |
| West Valley | $161K | $133.1K | -17.3% |
| Freedom | $295.5K | $210K | -28.9% |
| Farmersville | $262K | $98.5K | -62.4% |
Housing Supply in Machias, NY
How many homes are available in Machias, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Summary: The Machias real estate market had 5 homes for sale in December 2024, a 58.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 5 | 1 | -80.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Machias housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Machias in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -39.5% |
Summary: Homes in Machias had an average of 15 days on market in Dec 2024, down by 39.5% compared to last month.
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
Key Takeaway
Many homes in Machias are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Machias; 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.
