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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scottsville is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Scottsville, NY

How much do homes in Scottsville, NY cost?

Median Sold Price

$250,000

$173/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$2,500(+1.0%)

Key Takeaway

Homes in Scottsville have sold for 1% more than they did a month ago.

Summary: The median home sold price in Scottsville was $250,000 in October 2024, up 1% from last month, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$127K
N/A
2 --
N/A
3 $188.7K$225K
+19.2%
4 $330K$275K
-16.7%
5+ --
N/A

Summary: Scottsville 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 19.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.

Housing Supply in Scottsville, NY

How many homes are available in Scottsville, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1412-14.3%

Summary: The Scottsville real estate market had 12 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 22
0.0%
3 34
+33.3%
4 74
-42.9%
5+ 11
0.0%

Summary: The Scottsville 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scottsville, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Scottsville in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Scottsville, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days11 Days+68.9%

Summary: Homes in Scottsville had an average of 11 days on market in Oct 2024, up by 68.9% compared to last month.

Breakdown of Home Sale Times

5 Homes Were 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 Scottsville are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Scottsville; 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 20 Days Ago

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