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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schenevus is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Schenevus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Schenevus, NY

How much do homes in Schenevus, NY cost?

Median Sold Price

$132,500

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,975(+9.9%)

Key Takeaway

Homes in Schenevus have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Schenevus was $132,500 in October 2024, up 9.9% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100K-
N/A
2 $102.9K$105K
+1.9%
3 $184.5K$115K
-37.7%
4 $169K$118.2K
-30.0%
5+ $179K$374K
+108.9%

Summary: Schenevus 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 1.9%, 3 bedroom homes decreased by 37.7%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 108.9%.

Median Sold Price Compared To Nearby Cities

Schenevus
+9.9%
Middlefield
-12.3%
Maryland
-16.2%
Worcester
-19.8%

Housing Supply in Schenevus, NY

How many homes are available in Schenevus, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1214+16.7%

Summary: The Schenevus real estate market had 14 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 12
+100.0%
3 23
+50.0%
4 56
+20.0%
5+ 10
-100.0%

Summary: The Schenevus 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 increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Schenevus, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Schenevus in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Schenevus, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days125 Days+108.3%

Summary: Homes in Schenevus had an average of 125 days on market in Oct 2024, up by 108.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Schenevus are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Schenevus; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 23 Days Ago

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