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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portville is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Portville, NY

How much do homes in Portville, NY cost?

Median Sold Price

$129,500

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,500(+7.0%)

Key Takeaway

Homes in Portville have sold for 7% more than they did a year ago.

Summary: The median home sold price in Portville was $129,500 in November 2024, up 7% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K-
N/A
2 $99.5K$139K
+39.7%
3 $117.5K$105K
-10.6%
4 $150K$140K
-6.7%
5+ $295.9K$291.5K
-1.5%

Summary: Portville 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 39.7%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Cities

Portville
+13.9%
Portville
+7.0%

Housing Supply in Portville, NY

How many homes are available in Portville, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
104-60.0%

Summary: The Portville real estate market had 4 homes for sale in November 2024, a 60.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 73
-57.1%
4 21
-50.0%
5+ 10
-100.0%

Summary: The Portville 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 57.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Portville in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Portville, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days28 Days-37.8%

Summary: Homes in Portville had an average of 28 days on market in Nov 2024, down by 37.8% compared to last year.

Breakdown of Home Sale Times

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

Summary: During November 2024, 1 homes were sold in Portville; 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 21 Days Ago

Newest Listings in Portville, NY

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