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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanford is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Sanford, NY

How much do homes in Sanford, NY cost?

Median Sold Price

$215,000

$204/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$55,000(+34.4%)

Key Takeaway

Homes in Sanford have sold for 34.4% more than they did a month ago.

Summary: The median home sold price in Sanford was $215,000 in October 2024, up 34.4% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $177.5K-
N/A
3 $170K$215K
+26.5%
4 $68.9K-
N/A
5+ --
N/A

Summary: Sanford housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 26.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Deposit
+80.0%
Deposit
+43.3%
Sanford
+34.4%

Housing Supply in Sanford, NY

How many homes are available in Sanford, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128-33.3%

Summary: The Sanford real estate market had 8 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 76
-14.3%
4 10
-100.0%
5+ 11
0.0%

Summary: The Sanford 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 66.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 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 Sanford, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sanford in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sanford, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
40 Days38 Days-5.6%

Summary: Homes in Sanford had an average of 38 days on market in Oct 2024, down by 5.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sanford are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Sanford; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Sanford, NY

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