$4,036 Closing Credit*
$339,900
2,464 SqFt
5 Beds
•3 Full Baths, 1 Partial
James Burnham, Listing Office: Coldwell Banker Prime Prop,Inc
Is Phoenix, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Phoenix has remained a Seller's Market.
Key Takeaway
Phoenix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Phoenix, NY
How much do homes in Phoenix, NY cost?
Median Sold Price
$241,250
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,875(+16.9%)
Key Takeaway
Homes in Phoenix have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Phoenix was $241,250 in October 2024, up 16.9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.6K | $199K | +33.0% |
| 3 Bedrooms | $185.5K | $225K | +21.3% |
| 4 Bedrooms | $255K | $360K | +41.2% |
| 5+ Bedrooms | $230K | $275K | +19.6% |
Summary: Phoenix 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%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Phoenix | $206.3K | $241.2K | +16.9% |
| Schroeppel | $212K | $240K | +13.2% |
Housing Supply in Phoenix, NY
How many homes are available in Phoenix, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The Phoenix real estate market had 20 homes for sale in October 2024, a 20.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Phoenix 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 decreased by 50%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenix, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Phoenix in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 22 Days | +142.5% |
Summary: Homes in Phoenix had an average of 22 days on market in Oct 2024, up by 142.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were 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 October 2024, 7 homes were sold in Phoenix; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
