$250,000
11.20 Acres
Land
Listing Office: Briante Realty Group, LLC
Is Petersburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Petersburg was a Buyer's Market.
Key Takeaway
Petersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Petersburg, NY
How much do homes in Petersburg, NY cost?
Median Sold Price
$250,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$81,000(+47.9%)
Key Takeaway
Homes in Petersburg have sold for 47.9% more than they did a year ago.
Summary: The median home sold price in Petersburg was $250,000 in October 2024, up 47.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $112.5K | $247K | +119.6% |
| 3 Bedrooms | $308.4K | $250.5K | -18.8% |
| 4 Bedrooms | $155K | $205K | +32.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Petersburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 119.6%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Petersburg | $169K | $250K | +47.9% |
| Petersburgh | $169K | $220.9K | +30.7% |
Housing Supply in Petersburg, NY
How many homes are available in Petersburg, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Petersburg real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 2 | -66.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Petersburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Petersburg, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Petersburg in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Petersburg, NY
How long does it take to sell a home in Petersburg, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 22 Days | +87.5% |
Summary: Homes in Petersburg had an average of 22 days on market in Oct 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
3 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 Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Petersburg; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.