$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 November 2023
Since last year, Marcellus has remained a Seller's 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
$315,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+23.5%)
Key Takeaway
Homes in Marcellus have sold for 23.5% more than they did a year ago.
Summary: The median home sold price in Marcellus was $315,000 in November 2024, up 23.5% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $210K | 0.0% |
| 2 Bedrooms | $127.8K | $285.5K | +123.3% |
| 3 Bedrooms | $252.4K | $267.1K | +5.8% |
| 4 Bedrooms | $275.7K | $397.5K | +44.2% |
| 5+ Bedrooms | $209.9K | $430K | +104.9% |
Summary: Marcellus 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 increased by 123.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 44.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Summary: The Marcellus real estate market had 12 homes for sale in November 2024, a 29.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Marcellus housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Marcellus in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 17 Days | +209.5% |
Summary: Homes in Marcellus had an average of 17 days on market in Nov 2024, up by 209.5% compared to last year.
Breakdown of Home Sale Times
2 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 Marcellus are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Marcellus; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
