$6,282 Closing Credit*
$529,000
986 SqFt
3 Beds
•1 Full Bath
Cathleen L Pritchard, Listing Office: ERA Team VP Real Estate
Is Mansfield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mansfield was a Buyer's Market.
Key Takeaway
Mansfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mansfield, NY
How much do homes in Mansfield, NY cost?
Median Sold Price
$499,000
$305/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$93,500(+23.1%)
Key Takeaway
Homes in Mansfield have sold for 23.1% more than they did a month ago.
Summary: The median home sold price in Mansfield was $499,000 in October 2024, up 23.1% from last month, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420K | $298K | -29.0% |
| 3 Bedrooms | $391K | - | N/A |
| 4 Bedrooms | - | $700K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mansfield housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Otto | $48K | $178K | +270.8% |
| Mansfield | $405.5K | $499K | +23.1% |
Housing Supply in Mansfield, NY
How many homes are available in Mansfield, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The Mansfield real estate market had 11 homes for sale in October 2024, a 35.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 1 | -80.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mansfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 Mansfield, 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 Mansfield in October 2024, the same as the previous 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 Mansfield, NY
How long does it take to sell a home in Mansfield, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 14 Days | -78.8% |
Summary: Homes in Mansfield had an average of 14 days on market in Oct 2024, down by 78.8% 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 Mansfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Mansfield; 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.
