$2,078 Closing Credit*
$175,000
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Ingrid F Pineda, Listing Office: Kirnan 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 October 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
$202,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+8.0%)
Key Takeaway
Homes in Salina have sold for 8% more than they did a year ago.
Summary: The median home sold price in Salina was $202,000 in October 2024, up 8% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | - | N/A |
| 2 Bedrooms | $150K | $170K | +13.3% |
| 3 Bedrooms | $188K | $200K | +6.4% |
| 4 Bedrooms | $220K | $255K | +15.9% |
| 5+ Bedrooms | $225K | $255K | +13.3% |
Summary: Salina housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in Salina, NY
How many homes are available in Salina, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 110 | -13.4% |
Summary: The Salina real estate market had 110 homes for sale in October 2024, a 13.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 70 | 57 | -18.6% |
| 4 Bedrooms | 31 | 22 | -29.0% |
| 5+ Bedrooms | 4 | 11 | +175.0% |
Summary: The Salina 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 decreased by 9.1%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes increased by 175%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 26 | -25.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Salina, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Salina in October 2024, down by 25.7% month-over-month. Of the 26 sold homes, 15% were sold under asking, 15% were sold at asking, and 69% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 9 Days | +3.6% |
Summary: Homes in Salina had an average of 9 days on market in Oct 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 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 October 2024, 26 homes were sold in Salina; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
