Is Red Creek, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Red Creek has remained a Seller's Market.
Key Takeaway
Red Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Creek, NY
How much do homes in Red Creek, NY cost?
Median Sold Price
$192,500
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
Key Takeaway
Homes in Red Creek have sold for 24.2% more than they did a year ago.
Summary: The median home sold price in Red Creek was $192,500 in December 2024, up 24.2% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.1K | - | N/A |
| 2 Bedrooms | $171.2K | $169.9K | -0.8% |
| 3 Bedrooms | $142.5K | $200K | +40.4% |
| 4 Bedrooms | $215.5K | $185K | -14.2% |
| 5+ Bedrooms | - | $310K | N/A |
Summary: Red Creek housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 40.4%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes did not change.
Housing Supply in Red Creek, NY
How many homes are available in Red Creek, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Red Creek real estate market had 2 homes for sale in December 2024, a 33.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Red Creek housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Creek, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Red Creek in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Red Creek, NY
How long does it take to sell a home in Red Creek, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 27 Days | -3.6% |
Summary: Homes in Red Creek had an average of 27 days on market in Dec 2024, down by 3.6% 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
Key Takeaway
Many homes in Red Creek are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in Red Creek; 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.
