$5,641 Closing Credit*
$475,000
1,700 SqFt
3 Beds
•2 Full Baths
Timothy Oot, Listing Office: Oot Real Estate, Inc.
Is Sullivan, 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, Sullivan has remained a Seller's Market.
Key Takeaway
Sullivan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sullivan, NY
How much do homes in Sullivan, NY cost?
Median Sold Price
$257,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,500(+17.0%)
Key Takeaway
Homes in Sullivan have sold for 17% more than they did a year ago.
Summary: The median home sold price in Sullivan was $257,500 in November 2024, up 17% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $117K | -51.2% |
| 2 Bedrooms | $97.5K | $175K | +79.5% |
| 3 Bedrooms | $217K | $250K | +15.2% |
| 4 Bedrooms | $318.7K | $394.4K | +23.7% |
| 5+ Bedrooms | $284.5K | $278.5K | -2.1% |
Summary: Sullivan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.2%, 2 bedroom homes increased by 79.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Kirkville | $212.5K | $250K | +17.6% |
| Constantia | $182.5K | $214.5K | +17.5% |
| Sullivan | $220K | $257.5K | +17.0% |
| Bridgeport | $189.2K | $217.5K | +15.0% |
| Chittenango | $227.5K | $227K | -0.2% |
Housing Supply in Sullivan, NY
How many homes are available in Sullivan, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 38 | -15.6% |
Summary: The Sullivan real estate market had 38 homes for sale in November 2024, a 15.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Sullivan 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 12.5%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sullivan, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Sullivan in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Sullivan, NY
How long does it take to sell a home in Sullivan, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 63 Days | +177.9% |
Summary: Homes in Sullivan had an average of 63 days on market in Nov 2024, up by 177.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sullivan are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Sullivan; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
