$9,488 Closing Credit*
$799,000
3,065 SqFt
4 Beds
•3 Full Baths
Tina M. Seymour, Listing Office: Balance Realty
Is Marcellus, 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, Marcellus was a Neutral Market.
Key Takeaway
Marcellus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marcellus, NY
How much do homes in Marcellus, NY cost?
Median Sold Price
$310,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+24.0%)
Key Takeaway
Homes in Marcellus have sold for 24% more than they did a year ago.
Summary: The median home sold price in Marcellus was $310,000 in October 2024, up 24% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $210K | 0.0% |
| 2 Bedrooms | $220K | $285.5K | +29.8% |
| 3 Bedrooms | $252.4K | $268.3K | +6.3% |
| 4 Bedrooms | $266.5K | $390K | +46.3% |
| 5+ Bedrooms | $209.9K | $430K | +104.9% |
Summary: Marcellus housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes increased by 104.9%.
Housing Supply in Marcellus, NY
How many homes are available in Marcellus, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Marcellus real estate market had 14 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marcellus housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marcellus, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Marcellus in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Marcellus, NY
How long does it take to sell a home in Marcellus, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 10 Days | -19.2% |
Summary: Homes in Marcellus had an average of 10 days on market in Oct 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
4 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 Marcellus are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Marcellus; 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.
