Is Sullivan County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sullivan County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sullivan County was a Seller's Market.

Key Takeaway

Sullivan County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sullivan County, NY

How much do homes in Sullivan County, NY cost?

Median Sold Price

$314,860

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,926(+16.6%)

Key Takeaway

Homes in Sullivan County have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in Sullivan County was $314,860 in November 2024, up 16.6% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$170K
+13.3%
2 $194.4K$249.5K
+28.3%
3 $294.8K$318.5K
+8.0%
4 $349.5K$412.5K
+18.0%
5+ $321.5K$442.5K
+37.6%

Summary: Sullivan County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 37.6%.

Median Sold Price Compared To Nearby Counties

Sullivan County
+16.6%
Ulster County
+10.4%
Orange County
+5.6%

Housing Supply in Sullivan County, NY

How many homes are available in Sullivan County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
679625-8.0%

Summary: The Sullivan County real estate market had 625 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1713
-23.5%
2 123110
-10.6%
3 299275
-8.0%
4 153142
-7.2%
5+ 8785
-2.3%

Summary: The Sullivan County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.5%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 2.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7675-1.3%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sullivan County, you may be able to get a good deal. 57.3% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Sullivan County in November 2024, down by 1.3% month-over-month. Of the 75 sold homes, 57% were sold under asking, 13% were sold at asking, and 29% were sold over asking.

Days on Market for Sullivan County, NY

How long does it take to sell a home in Sullivan County, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days63 Days-2.6%

Summary: Homes in Sullivan County had an average of 63 days on market in Nov 2024, down by 2.6% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sullivan County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 75 homes were sold in Sullivan County; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Sullivan County, NY

Nearby Markets to Sullivan County, NY

What housing markets are near Sullivan County, NY?