Is Terryville, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terryville is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Terryville, NY

How much do homes in Terryville, NY cost?

Median Sold Price

$560,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,000(+10.9%)

Key Takeaway

Homes in Terryville have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Terryville was $560,000 in November 2024, up 10.9% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$425K
N/A
2 $435K$485K
+11.5%
3 $458.2K$539.2K
+17.7%
4 $567.5K$575K
+1.3%
5+ $609K$632.5K
+3.9%

Summary: Terryville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Neighborhoods

Mount Sinai
+12.2%
Terryville
+10.9%
Selden
+9.2%
Coram
+4.3%

Housing Supply in Terryville, NY

How many homes are available in Terryville, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4446+4.5%

Summary: The Terryville real estate market had 46 homes for sale in November 2024, a 4.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 23
+50.0%
3 1414
0.0%
4 2122
+4.8%
5+ 56
+20.0%

Summary: The Terryville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Terryville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Terryville in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Terryville, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days27 Days-15.1%

Summary: Homes in Terryville had an average of 27 days on market in Nov 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Terryville; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Terryville, NY

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