$4,986 Closing Credit*
$419,900
2,162 SqFt
2 Beds
•3 Full Baths
Listing Office: Holly Real Estate
Is Patterson, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Patterson was a Buyer's Market.
Key Takeaway
Patterson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Patterson, NY
How much do homes in Patterson, NY cost?
Median Sold Price
$390,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$54,500(-12.3%)
Key Takeaway
Homes in Patterson have sold for 12.3% less than they did a year ago.
Summary: The median home sold price in Patterson was $390,000 in November 2024, down 12.3% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $198.2K | +7.2% |
| 2 Bedrooms | $325K | $350K | +7.7% |
| 3 Bedrooms | $448.5K | $471.2K | +5.1% |
| 4 Bedrooms | $697.4K | $699.9K | 0.4% |
| 5+ Bedrooms | $587.5K | $804.9K | +37.0% |
Summary: Patterson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
| Holmes | $419K | $496.5K | +18.5% |
| Southeast | $472.5K | $505K | +6.9% |
| New Fairfield | $500.3K | $530K | +5.9% |
| Sherman | $635K | $644K | +1.4% |
| Patterson | $444.5K | $390K | -12.3% |
Housing Supply in Patterson, NY
How many homes are available in Patterson, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 38 | -25.5% |
Summary: The Patterson real estate market had 38 homes for sale in November 2024, a 25.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 18 | 11 | -38.9% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Patterson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 38.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Patterson, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Patterson in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Patterson, NY
How long does it take to sell a home in Patterson, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 47 Days | -26.0% |
Summary: Homes in Patterson had an average of 47 days on market in Nov 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Patterson has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Patterson; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.