Is Minerva, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minerva is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Minerva was a Seller's Market.

Key Takeaway

Minerva is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Minerva, NY

How much do homes in Minerva, NY cost?

Median Sold Price

$190,000

$135/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$17,750(+10.3%)

Key Takeaway

Homes in Minerva have sold for 10.3% more than they did a month ago.

Summary: The median home sold price in Minerva was $190,000 in October 2024, up 10.3% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$190K
N/A
3 $172.2K-
N/A
4 --
N/A
5+ --
N/A

Summary: Minerva housing prices by bedroom type for October 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 Minerva, NY

How many homes are available in Minerva, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109-10.0%

Summary: The Minerva real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 53
-40.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Minerva housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minerva, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Minerva in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Minerva, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
66 Days7 Days-89.4%

Summary: Homes in Minerva had an average of 7 days on market in Oct 2024, down by 89.4% 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 Minerva are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Minerva; 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 4 Days Ago

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