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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Theresa is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Theresa 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 Theresa, NY

How much do homes in Theresa, NY cost?

Median Sold Price

$228,250

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$28,250(+14.1%)

Key Takeaway

Homes in Theresa have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Theresa was $228,250 in December 2024, up 14.1% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $155K-
N/A
2 $200K$130.9K
-34.5%
3 $262.5K$241.5K
-8.0%
4 $172K$340K
+97.7%
5+ $193K$299K
+54.9%

Summary: Theresa housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.5%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 97.7%, and 5+ bedroom homes increased by 54.9%.

Housing Supply in Theresa, NY

How many homes are available in Theresa, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1514-6.7%

Summary: The Theresa real estate market had 14 homes for sale in December 2024, a 6.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 56
+20.0%
4 65
-16.7%
5+ 11
0.0%

Summary: The Theresa housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Theresa, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Theresa in December 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Theresa, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
12 Days213 Days+1574.5%

Summary: Homes in Theresa had an average of 213 days on market in Dec 2024, up by 1574.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times50%50%

Key Takeaway

Avg time on Rocket Homes in Theresa has remained consistent over time.

Summary: During December 2024, 2 homes were sold in Theresa; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 9 Days Ago

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