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 August 2023

At the same time last year, Perth was a Buyer's 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

$270,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$5,000(-1.8%)

Key Takeaway

Homes in Perth have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Perth was $270,000 in August 2024, down 1.8% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $181.9K$220.5K
+21.2%
3 $280K$270K
-3.6%
4 $307.5K$399K
+29.8%
5+ $365K$520K
+42.5%

Summary: Perth housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 42.5%.

Housing Supply in Perth, NY

How many homes are available in Perth, NY?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1314+7.7%

Summary: The Perth real estate market had 14 homes for sale in August 2024, a 7.7% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 11
0.0%
3 57
+40.0%
4 33
0.0%
5+ 43
-25.0%

Summary: The Perth housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Perth, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Perth in August 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Aug 2023Aug 2024CHANGE
6 Days6 Days0.0%

Summary: Homes in Perth had an average of 6 days on market in Aug 2024, the same as last year.

Breakdown of Home Sale Times

4 Homes Were 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 Perth are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 4 homes were sold in Perth; 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 15 Days Ago

Newest Listings in Perth, NY

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