$47,899
1.77 Acres
Land
Jacqueline Jones, Listing Office: Lake Life Real Estate Agency
Is Skaneateles, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Skaneateles has remained a Seller's Market.
Key Takeaway
Skaneateles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Skaneateles, NY
How much do homes in Skaneateles, NY cost?
Median Sold Price
$584,950
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,050(-4.9%)
Key Takeaway
Homes in Skaneateles have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Skaneateles was $584,950 in October 2024, down 4.9% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $806K | $422.5K | -47.6% |
| 2 Bedrooms | $505K | $503K | -0.4% |
| 3 Bedrooms | $432.5K | $525K | +21.4% |
| 4 Bedrooms | $890K | $782K | -12.1% |
| 5+ Bedrooms | $900K | $2.3M | +161.1% |
Summary: Skaneateles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 161.1%.
Housing Supply in Skaneateles, NY
How many homes are available in Skaneateles, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 54 | -5.3% |
Summary: The Skaneateles real estate market had 54 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Skaneateles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Skaneateles, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Skaneateles in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Skaneateles, NY
How long does it take to sell a home in Skaneateles, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 15 Days | -46.4% |
Summary: Homes in Skaneateles had an average of 15 days on market in Oct 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Skaneateles are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Skaneateles; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
