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 Last Month

Since last month, Scio has remained a Neutral 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

$91,099

$114/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$21,099(+30.1%)

Key Takeaway

Homes in Scio have sold for 30.1% more than they did a month ago.

Summary: The median home sold price in Scio was $91,099 in November 2024, up 30.1% from last month, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $70K$91K
+30.1%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Scio housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.1%, 3 bedroom homes did not change, 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

Oct 2024Nov 2024CHANGE
770.0%

Summary: The Scio real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 33
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Scio housing inventory by bedroom type for November 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scio, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Scio in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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 2024Nov 2024CHANGE
12 Days274 Days+2183.3%

Summary: Homes in Scio had an average of 274 days on market in Nov 2024, up by 2183.3% compared to last month.

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

Summary: During November 2024, 1 homes were sold in Scio; 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 21 Days Ago

Newest Listings in Scio, NY

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