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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Remsen is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Remsen has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Remsen, NY

How much do homes in Remsen, NY cost?

Median Sold Price

$162,500

$161/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$27,500(-14.5%)

Key Takeaway

Homes in Remsen have sold for 14.5% less than they did a month ago.

Summary: The median home sold price in Remsen was $162,500 in November 2024, down 14.5% from last month, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $200K-
N/A
2 $162K$162.5K
0.3%
3 $190.5K-
N/A
4 $117.5K$49.2K
-58.1%
5+ $575K$405K
-29.6%

Summary: Remsen housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 58.1%, and 5+ bedroom homes decreased by 29.6%.

Housing Supply in Remsen, NY

How many homes are available in Remsen, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1711-35.3%

Summary: The Remsen real estate market had 11 homes for sale in November 2024, a 35.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 43
-25.0%
3 43
-25.0%
4 53
-40.0%
5+ 32
-33.3%

Summary: The Remsen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

3 Homes Were 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 Remsen, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Remsen in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Remsen, NY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
75 Days108 Days+43.7%

Summary: Homes in Remsen had an average of 108 days on market in Nov 2024, up by 43.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Remsen are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in Remsen; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 20 Days Ago

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