$69,900
7.50 Acres
Land
Julie A Rizzo, Listing Office: Candy Costa Real Estate LLC
Is Mexico, 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, Mexico was a Buyer's Market.
Key Takeaway
Mexico is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mexico, NY
How much do homes in Mexico, NY cost?
Median Sold Price
$225,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,050(+17.8%)
Key Takeaway
Homes in Mexico have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in Mexico was $225,000 in October 2024, up 17.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $129K | $142.5K | +10.5% |
| 3 Bedrooms | $179.9K | $225K | +25.0% |
| 4 Bedrooms | $245.3K | $275K | +12.1% |
| 5+ Bedrooms | - | $299.9K | N/A |
Summary: Mexico 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 10.5%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes did not change.
Housing Supply in Mexico, NY
How many homes are available in Mexico, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Mexico real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mexico 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 decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mexico, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mexico in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Mexico, NY
How long does it take to sell a home in Mexico, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 27 Days | -21.6% |
Summary: Homes in Mexico had an average of 27 days on market in Oct 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mexico has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Mexico; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
