Is Minoa, 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, Minoa has remained a Seller's Market.
Key Takeaway
Minoa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minoa, NY
How much do homes in Minoa, NY cost?
Median Sold Price
$255,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Key Takeaway
Homes in Minoa have sold for 27% more than they did a year ago.
Summary: The median home sold price in Minoa was $255,000 in November 2024, up 27% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $148.7K | -0.8% |
| 3 Bedrooms | $185K | $255K | +37.8% |
| 4 Bedrooms | $215K | $320K | +48.8% |
| 5+ Bedrooms | $246.2K | $238.5K | -3.1% |
Summary: Minoa 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 decreased by 0.8%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 48.8%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Minoa | $200.7K | $255K | +27.0% |
| Kirkville | $212.5K | $250K | +17.6% |
Housing Supply in Minoa, NY
How many homes are available in Minoa, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Summary: The Minoa real estate market had 11 homes for sale in November 2024, a 45.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 10 | 5 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Minoa 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
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 Minoa, 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 Minoa in November 2024, up by 25.0% 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 Minoa, NY
How long does it take to sell a home in Minoa, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 14 Days | +7.7% |
Summary: Homes in Minoa had an average of 14 days on market in Nov 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
4 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 Minoa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Minoa; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
