$8,728 Closing Credit*
$735,000
2,524 SqFt
4 Beds
•2 Full Baths
Dawn Meccarielli, Listing Office: Keller Williams Syracuse
Is Skaneateles, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$577,450
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,050(-7.2%)
Key Takeaway
Homes in Skaneateles have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Skaneateles was $577,450 in November 2024, down 7.2% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $806K | $415K | -48.5% |
| 2 Bedrooms | $506K | $485K | -4.2% |
| 3 Bedrooms | $441.5K | $517K | +17.1% |
| 4 Bedrooms | $890K | $705K | -20.8% |
| 5+ Bedrooms | $1.0M | $2.0M | +100.0% |
Summary: Skaneateles housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 100%.
Housing Supply in Skaneateles, NY
How many homes are available in Skaneateles, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Summary: The Skaneateles real estate market had 52 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Skaneateles 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 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Skaneateles, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Skaneateles in November 2024, the same as the previous month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +50.3% |
Summary: Homes in Skaneateles had an average of 31 days on market in Nov 2024, up by 50.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Skaneateles are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Skaneateles; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
