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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pittsford is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Pittsford, NY

How much do homes in Pittsford, NY cost?

Median Sold Price

$465,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+3.3%)

Key Takeaway

Homes in Pittsford have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Pittsford was $465,000 in November 2024, up 3.3% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$177K
N/A
2 $320K$350K
+9.4%
3 $379.9K$407K
+7.1%
4 $457K$502.5K
+10.0%
5+ $625.5K$706K
+12.9%

Summary: Pittsford 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 increased by 9.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 12.9%.

Housing Supply in Pittsford, NY

How many homes are available in Pittsford, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8861-30.7%

Summary: The Pittsford real estate market had 61 homes for sale in November 2024, a 30.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 74
-42.9%
3 2113
-38.1%
4 4327
-37.2%
5+ 1715
-11.8%

Summary: The Pittsford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 38.1%, 4 bedroom homes decreased by 37.2%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3021-30.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pittsford, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Pittsford in November 2024, down by 30.0% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.

Days on Market for Pittsford, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
7 Days12 Days+77.9%

Summary: Homes in Pittsford had an average of 12 days on market in Nov 2024, up by 77.9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 21 homes were sold in Pittsford; 95% of homes were sold within 30 days, 5% 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 21 Days Ago

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