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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scio is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Scio 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 Scio, NY

How much do homes in Scio, NY cost?

Median Sold Price

$190,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$57,550(+43.5%)

Key Takeaway

Homes in Scio have sold for 43.5% more than they did a year ago.

Summary: The median home sold price in Scio was $190,000 in October 2024, up 43.5% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $118.5K-
N/A
2 $130K$132K
+1.5%
3 $145K$220K
+51.7%
4 $99K-
N/A
5+ -$225K
N/A

Summary: Scio 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 1.5%, 3 bedroom homes increased by 51.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Scio, NY

How many homes are available in Scio, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
660.0%

Summary: The Scio real estate market had 6 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 23
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Scio 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 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

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 Scio, 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 Scio in October 2024, up by 100.0% month-over-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 Scio, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
2 Days12 Days+380.0%

Summary: Homes in Scio had an average of 12 days on market in Oct 2024, up by 380% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Scio; 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.

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 Scio, NY

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