$7,005 Closing Credit*
$589,900
2,547 SqFt
4 Beds
•2 Full Baths, 1 Partial
Daniel L. Patterson, Listing Office: Howard Hanna
Is Ontario, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ontario has remained a Seller's Market.
Key Takeaway
Ontario is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontario, NY
How much do homes in Ontario, NY cost?
Median Sold Price
$337,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+16.4%)
Key Takeaway
Homes in Ontario have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Ontario was $337,500 in October 2024, up 16.4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | $112.5K | +9.2% |
| 2 Bedrooms | $450K | $247.5K | -45.0% |
| 3 Bedrooms | $270K | $330K | +22.2% |
| 4 Bedrooms | $290K | $382.4K | +31.9% |
| 5+ Bedrooms | $452.5K | $354.5K | -21.7% |
Summary: Ontario housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes decreased by 45%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Williamson | $192K | $235K | +22.4% |
| Ontario | $290K | $337.5K | +16.4% |
Housing Supply in Ontario, NY
How many homes are available in Ontario, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 30 | -25.0% |
Summary: The Ontario real estate market had 30 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 25 | 18 | -28.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Ontario housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontario, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Ontario in October 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% were sold over asking.
Days on Market for Ontario, NY
How long does it take to sell a home in Ontario, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 13 Days | -18.4% |
Summary: Homes in Ontario had an average of 13 days on market in Oct 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
12 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 Ontario are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Ontario; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
