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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Perth is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Perth was a Neutral Market.

Key Takeaway

Perth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Perth, NY

How much do homes in Perth, NY cost?

Median Sold Price

$292,500

$190/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$75,000(+34.5%)

Key Takeaway

Homes in Perth have sold for 34.5% more than they did a month ago.

Summary: The median home sold price in Perth was $292,500 in November 2024, up 34.5% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $60K-
N/A
3 -$292.5K
N/A
4 $375K$530K
+41.3%
5+ -$100K
N/A

Summary: Perth housing prices by bedroom type for November 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 increased by 41.3%, and 5+ bedroom homes did not change.

Housing Supply in Perth, NY

How many homes are available in Perth, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The Perth real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 56
+20.0%
4 56
+20.0%
5+ 21
-50.0%

Summary: The Perth 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 increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Perth in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Perth, NY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
49 Days32 Days-34.4%

Summary: Homes in Perth had an average of 32 days on market in Nov 2024, down by 34.4% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Perth are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Perth; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

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