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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salisbury is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Salisbury was a Seller's Market.

Key Takeaway

Salisbury is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Salisbury, NY

How much do homes in Salisbury, NY cost?

Median Sold Price

$785,000

$446/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$95,000(+13.8%)

Key Takeaway

Homes in Salisbury have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Salisbury was $785,000 in October 2024, up 13.8% from last year, and the median price per square foot was $446.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $525K$592K
+12.8%
3 $785K$845K
+7.6%
4 $650K$686K
+5.5%
5+ $713.7K$924K
+29.5%

Summary: Salisbury 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 12.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 29.5%.

Median Sold Price Compared To Nearby Neighborhoods

Hicksville
+14.8%
Salisbury
+13.8%
New Cassel
+13.2%
East Meadow
+13.1%
Levittown
+10.0%

Housing Supply in Salisbury, NY

How many homes are available in Salisbury, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5655-1.8%

Summary: The Salisbury real estate market had 55 homes for sale in October 2024, a 1.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1511
-26.7%
4 2325
+8.7%
5+ 1818
0.0%

Summary: The Salisbury 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 100%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salisbury, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Salisbury in October 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for Salisbury, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days49 Days+71.3%

Summary: Homes in Salisbury had an average of 49 days on market in Oct 2024, up by 71.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Salisbury has remained consistent over time.

Summary: During October 2024, 9 homes were sold in Salisbury; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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 21 Days Ago

Newest Listings in Salisbury, NY

Nearby Markets to Salisbury, NY