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 Last Month

Since last month, 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

$129,000

$62/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$193,000(-59.9%)

Key Takeaway

Homes in Petersburgh have sold for 59.9% less than they did a month ago.

Summary: The median home sold price in Petersburgh was $129,000 in November 2024, down 59.9% from last month, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $322K-
N/A
3 -$177.4K
N/A
4 --
N/A
5+ -$129K
N/A

Summary: Petersburgh 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pownal
+188.1%
Petersburg
-24.4%
Cropseyville
-33.7%
Petersburgh
-59.9%

Housing Supply in Petersburgh, NY

How many homes are available in Petersburgh, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
94-55.6%

Summary: The Petersburgh real estate market had 4 homes for sale in November 2024, a 55.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 51
-80.0%
3 22
0.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The Petersburgh 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 80%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Petersburgh in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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 2024Nov 2024CHANGE
8 Days69 Days+715.7%

Summary: Homes in Petersburgh had an average of 69 days on market in Nov 2024, up by 715.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Petersburgh are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Petersburgh; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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

Newest Listings in Petersburgh, NY

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