$2,339 Closing Credit*
$197,000
1,248 SqFt
3 Beds
•1 Full Bath, 1 Partial
Thomas C Tait, Listing Office: Oak Tree Real Estate
Is Sullivan, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sullivan was a Seller's Market.
Key Takeaway
Sullivan is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sullivan, NY
How much do homes in Sullivan, NY cost?
Median Sold Price
$257,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 17% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $117K | -51.2% |
| 2 Bedrooms | $80K | $175.7K | +119.7% |
| 3 Bedrooms | $220K | $250K | +13.6% |
| 4 Bedrooms | $307K | $370K | +20.5% |
| 5+ Bedrooms | $225K | $352K | +56.4% |
Summary: Sullivan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.2%, 2 bedroom homes increased by 119.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 56.4%.
Median Sold Price Compared To Nearby Cities
| Bridgeport | $191K | $225K | +17.8% |
| Sullivan | $220K | $257.5K | +17.0% |
| Kirkville | $216K | $250K | +15.7% |
| Chittenango | $225K | $228.5K | +1.6% |
Housing Supply in Sullivan, NY
How many homes are available in Sullivan, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 48 | -15.8% |
Summary: The Sullivan real estate market had 48 homes for sale in October 2024, a 15.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 16 | 9 | -43.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sullivan 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 43.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Sullivan in October 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -5.0% |
Summary: Homes in Sullivan had an average of 19 days on market in Oct 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
7 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 Sullivan are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Sullivan; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
