$1,009 Closing Credit*
$85,000
2,510 SqFt
6 Beds
•2 Full Baths
Cynthia Rouillier, Listing Office: Hunt Real Estate ERA Rome
Is Rome, 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, Rome has remained a Seller's Market.
Key Takeaway
Rome is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rome, NY
How much do homes in Rome, NY cost?
Median Sold Price
$170,002
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,716(+3.5%)
Key Takeaway
Homes in Rome have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Rome was $170,002 in October 2024, up 3.5% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.7K | $83.7K | -21.5% |
| 2 Bedrooms | $120.9K | $153.5K | +26.9% |
| 3 Bedrooms | $161.7K | $180K | +11.3% |
| 4 Bedrooms | $230.3K | $180.1K | -21.8% |
| 5+ Bedrooms | $164K | $122.5K | -25.3% |
Summary: Rome housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Blossvale | $167.4K | $219K | +30.8% |
| Rome | $164.2K | $170K | +3.5% |
| Verona | $210.9K | $198.3K | -6.0% |
Housing Supply in Rome, NY
How many homes are available in Rome, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 168 | 168 | 0.0% |
Summary: The Rome real estate market had 168 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 72 | 74 | +2.8% |
| 4 Bedrooms | 57 | 50 | -12.3% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Rome 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 increased by 11.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rome, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Rome in October 2024, up by 11.8% month-over-month. Of the 38 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Rome, NY
How long does it take to sell a home in Rome, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 19 Days | -29.7% |
Summary: Homes in Rome had an average of 19 days on market in Oct 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rome are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in Rome; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.