$29,900
2.65 Acres
Land
Mark Smith, Listing Office: Realty One Group Key
Is Petersburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Petersburg has remained a Seller'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
$249,900
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$32,400(+14.9%)
Key Takeaway
Homes in Petersburg have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Petersburg was $249,900 in December 2024, up 14.9% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | $247K | +311.7% |
| 3 Bedrooms | $320K | $249.9K | -21.9% |
| 4 Bedrooms | $185K | $255K | +37.8% |
| 5+ Bedrooms | - | $129K | N/A |
Summary: Petersburg housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 311.7%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 37.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Berlin | $195K | $280K | +43.6% |
| Petersburg | $217.5K | $249.9K | +14.9% |
Housing Supply in Petersburg, NY
How many homes are available in Petersburg, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The Petersburg real estate market had 6 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Petersburg housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Petersburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Petersburg in December 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 20 Days | 0.0% |
Summary: Homes in Petersburg had an average of 20 days on market in Dec 2024, the same as last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 December 2024, 2 homes were sold in Petersburg; 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.
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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.