$3,383 Closing Credit*
$284,900
1,528 SqFt
3 Beds
•2 Full Baths
Lynne Fiorini Corp, Listing Office: Howard Hanna Real Estate
Is Salina, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Salina has remained a Seller's Market.
Key Takeaway
Salina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salina, NY
How much do homes in Salina, NY cost?
Median Sold Price
$209,900
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,900(+10.5%)
Key Takeaway
Homes in Salina have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Salina was $209,900 in November 2024, up 10.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | - | N/A |
| 2 Bedrooms | $150K | $171.7K | +14.5% |
| 3 Bedrooms | $190K | $203K | +6.8% |
| 4 Bedrooms | $225K | $250K | +11.1% |
| 5+ Bedrooms | $225K | $247.5K | +10.0% |
Summary: Salina 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 14.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 10%.
Housing Supply in Salina, NY
How many homes are available in Salina, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 135 | 103 | -23.7% |
Summary: The Salina real estate market had 103 homes for sale in November 2024, a 23.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 17 | -26.1% |
| 3 Bedrooms | 74 | 54 | -27.0% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Salina 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 decreased by 26.1%, 3 bedroom homes decreased by 27%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salina, you could pay more than the asking price. 93.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Salina in November 2024, down by 6.3% month-over-month. Of the 30 sold homes, 0% were sold under asking, 7% were sold at asking, and 93% were sold over asking.
Days on Market for Salina, NY
How long does it take to sell a home in Salina, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 6 Days | -29.7% |
Summary: Homes in Salina had an average of 6 days on market in Nov 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salina are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Salina; 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.
