$3,503 Closing Credit*
$295,000
1,178 SqFt
2 Beds
•2 Full Baths
Chip Hodgkins, Listing Office: Hunt Real Estate ERA
Is Phoenix, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Phoenix was a Seller's Market.
Key Takeaway
Phoenix is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Phoenix, NY
How much do homes in Phoenix, NY cost?
Median Sold Price
$250,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,125(+18.6%)
Key Takeaway
Homes in Phoenix have sold for 18.6% more than they did a year ago.
Summary: The median home sold price in Phoenix was $250,000 in November 2024, up 18.6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $177.3K | $157K | -11.5% |
| 3 Bedrooms | $203K | $228K | +12.3% |
| 4 Bedrooms | $242.5K | $346K | +42.7% |
| 5+ Bedrooms | $230K | $275K | +19.6% |
Summary: Phoenix housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Phoenix | $210.8K | $250K | +18.6% |
| Schroeppel | $211K | $240K | +13.7% |
Housing Supply in Phoenix, NY
How many homes are available in Phoenix, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Summary: The Phoenix real estate market had 16 homes for sale in November 2024, a 23.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 6 | 2 | -66.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Phoenix 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenix, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Phoenix in November 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Phoenix, NY
How long does it take to sell a home in Phoenix, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 28 Days | +1325.0% |
Summary: Homes in Phoenix had an average of 28 days on market in Nov 2024, up by 1325% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Phoenix are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Phoenix; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
