Is Sharon Springs, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sharon Springs is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sharon Springs was a Buyer's Market.

Key Takeaway

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

Housing Prices in Sharon Springs, NY

How much do homes in Sharon Springs, NY cost?

Median Sold Price

$146,000

$125/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$109,000(-42.7%)

Key Takeaway

Homes in Sharon Springs have sold for 42.7% less than they did a month ago.

Summary: The median home sold price in Sharon Springs was $146,000 in September 2024, down 42.7% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 -$146K
N/A
4 --
N/A
5+ $255K-
N/A

Summary: Sharon Springs housing prices by bedroom type for September 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sharon Springs
-42.7%
Sharon
-56.9%

Housing Supply in Sharon Springs, NY

How many homes are available in Sharon Springs, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1312-7.7%

Summary: The Sharon Springs real estate market had 12 homes for sale in September 2024, a 7.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 77
0.0%
4 22
0.0%
5+ 32
-33.3%

Summary: The Sharon Springs housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sharon Springs, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Sharon Springs in September 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Sharon Springs, NY

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

Average Sale Time

Aug 2024Sep 2024CHANGE
3 Days17 Days+488.9%

Summary: Homes in Sharon Springs had an average of 17 days on market in Sep 2024, up by 488.9% compared to last month.

Breakdown of Home Sale Times

2 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 Sharon Springs are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Sharon Springs; 67% of homes were sold within 30 days, 33% 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 29 Days Ago

Newest Listings in Sharon Springs, NY

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