$2,078 Closing Credit*
$175,000
1,263 SqFt
3 Beds
•2 Full Baths
Ben Gray, Listing Office: eXp Realty
Is Solvay, 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, Solvay has remained a Seller's Market.
Key Takeaway
Solvay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Solvay, NY
How much do homes in Solvay, NY cost?
Median Sold Price
$194,006
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,006(+21.3%)
Key Takeaway
Homes in Solvay have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in Solvay was $194,006 in October 2024, up 21.3% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $156.5K | $166K | +6.1% |
| 3 Bedrooms | $140K | $199K | +42.1% |
| 4 Bedrooms | $180K | $199.9K | +11.1% |
| 5+ Bedrooms | $184.9K | $170.7K | -7.7% |
Summary: Solvay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in Solvay, NY
How many homes are available in Solvay, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Summary: The Solvay real estate market had 32 homes for sale in October 2024, a 8.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Solvay 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 increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Solvay, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Solvay in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Solvay, NY
How long does it take to sell a home in Solvay, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 8 Days | -16.4% |
Summary: Homes in Solvay had an average of 8 days on market in Oct 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Solvay are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Solvay; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.