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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sennett is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Sennett, NY

How much do homes in Sennett, NY cost?

Median Sold Price

$308,250

$156/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$54,000(-14.9%)

Key Takeaway

Homes in Sennett have sold for 14.9% less than they did a month ago.

Summary: The median home sold price in Sennett was $308,250 in October 2024, down 14.9% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $400K-
N/A
3 $243.7K$358.7K
+47.2%
4 $250K$370K
+48.0%
5+ $454.9K$246.5K
-45.8%

Summary: Sennett 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 47.2%, 4 bedroom homes increased by 48%, and 5+ bedroom homes decreased by 45.8%.

Median Sold Price Compared To Nearby Cities

Sennett
-14.9%
Throop
-21.4%
Owasco
-39.9%

Housing Supply in Sennett, NY

How many homes are available in Sennett, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1715-11.8%

Summary: The Sennett real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 87
-12.5%
4 46
+50.0%
5+ 42
-50.0%

Summary: The Sennett 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 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sennett, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Sennett in October 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Sennett, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
21 Days11 Days-46.5%

Summary: Homes in Sennett had an average of 11 days on market in Oct 2024, down by 46.5% compared to last month.

Breakdown of Home Sale Times

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

Summary: During October 2024, 6 homes were sold in Sennett; 83% of homes were sold within 30 days, 17% 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 16 Days Ago

Newest Listings in Sennett, NY

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