$3,561 Closing Credit*
$299,900
1,344 SqFt
3 Beds
•2 Full Baths
Cory Lawson, Listing Office: Howard Hanna Real Estate
Is Mexico, 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, Mexico has remained a Seller'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
$205,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+5.1%)
Key Takeaway
Homes in Mexico have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Mexico was $205,000 in November 2024, up 5.1% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $109.4K | $164.9K | +50.6% |
| 3 Bedrooms | $189.9K | $210K | +10.6% |
| 4 Bedrooms | $247.6K | $269.5K | +8.8% |
| 5+ Bedrooms | $322.5K | $178K | -44.8% |
Summary: Mexico 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 50.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 44.8%.
Housing Supply in Mexico, NY
How many homes are available in Mexico, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 13 | -45.8% |
Summary: The Mexico real estate market had 13 homes for sale in November 2024, a 45.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 11 | 6 | -45.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mexico 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 decreased by 50%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 45.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was 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 could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Mexico in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 46 Days | +740.0% |
Summary: Homes in Mexico had an average of 46 days on market in Nov 2024, up by 740% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mexico are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Mexico; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
