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 October 2023

At the same time last year, Sullivan County was a Neutral 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

$312,666

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,266(+13.5%)

Key Takeaway

Homes in Sullivan County have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Sullivan County was $312,666 in October 2024, up 13.5% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$170K
+13.3%
2 $195K$249K
+27.7%
3 $299K$315.9K
+5.7%
4 $366K$400K
+9.3%
5+ $319K$458.5K
+43.7%

Summary: Sullivan County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 43.7%.

Median Sold Price Compared To Nearby Counties

Pike County
+27.7%
Sullivan County
+13.5%
Ulster County
+10.4%
Orange County
+6.8%

Housing Supply in Sullivan County, NY

How many homes are available in Sullivan County, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
728752+3.3%

Summary: The Sullivan County real estate market had 752 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2421
-12.5%
2 130124
-4.6%
3 310329
+6.1%
4 167176
+5.4%
5+ 97102
+5.2%

Summary: The Sullivan County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 5.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7868-12.8%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

12 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. 64.7% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Sullivan County in October 2024, down by 12.8% month-over-month. Of the 68 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
80 Days92 Days+14.5%

Summary: Homes in Sullivan County had an average of 92 days on market in Oct 2024, up by 14.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sullivan County has remained consistent over time.

Summary: During October 2024, 68 homes were sold in Sullivan County; 26% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 32% 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 22 Days Ago

Newest Listings in Sullivan County, NY

Nearby Markets to Sullivan County, NY

What housing markets are near Sullivan County, NY?