Is Mc Graw, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mc Graw is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mc Graw was a Buyer's Market.

Key Takeaway

Mc Graw is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mc Graw, NY

How much do homes in Mc Graw, NY cost?

Median Sold Price

$178,000

$132/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$57,000(-24.3%)

Key Takeaway

Homes in Mc Graw have sold for 24.3% less than they did a month ago.

Summary: The median home sold price in Mc Graw was $178,000 in November 2024, down 24.3% from last month, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$178K
N/A
3 $235K-
N/A
4 --
N/A
5+ --
N/A

Summary: Mc Graw housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mc Graw, NY

How many homes are available in Mc Graw, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
87-12.5%

Summary: The Mc Graw real estate market had 7 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 42
-50.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Mc Graw 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 increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mc Graw, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Mc Graw in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mc Graw, NY

How long does it take to sell a home in Mc Graw, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days7 Days+40.0%

Summary: Homes in Mc Graw had an average of 7 days on market in Nov 2024, up by 40% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mc Graw are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Mc Graw; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Mc Graw, NY

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