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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Petersburgh is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Petersburgh has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Petersburgh, NY

How much do homes in Petersburgh, NY cost?

Median Sold Price

$220,950

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,950(+30.7%)

Key Takeaway

Homes in Petersburgh have sold for 30.7% more than they did a year ago.

Summary: The median home sold price in Petersburgh was $220,950 in October 2024, up 30.7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$219.6K
+33.1%
3 $316.4K$236.9K
-25.1%
4 $145K$205K
+41.4%
5+ --
N/A

Summary: Petersburgh 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 33.1%, 3 bedroom homes decreased by 25.1%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Petersburg
+47.9%
Petersburgh
+30.7%

Housing Supply in Petersburgh, NY

How many homes are available in Petersburgh, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97-22.2%

Summary: The Petersburgh real estate market had 7 homes for sale in October 2024, a 22.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 20
-100.0%
4 11
0.0%
5+ 21
-50.0%

Summary: The Petersburgh 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Petersburgh, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Petersburgh in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Petersburgh, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days8 Days-29.2%

Summary: Homes in Petersburgh had an average of 8 days on market in Oct 2024, down by 29.2% compared to 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Petersburgh; 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 16 Days Ago

Newest Listings in Petersburgh, NY

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