$4,274 Closing Credit*
$359,900
2,040 SqFt
4 Beds
•2 Full Baths
Jennifer M Waite, Listing Office: Bridgeview Real Estate
Is Theresa, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Theresa has remained a Buyer's Market.
Key Takeaway
Theresa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Theresa, NY
How much do homes in Theresa, NY cost?
Median Sold Price
$208,930
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,930(+4.5%)
Key Takeaway
Homes in Theresa have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Theresa was $208,930 in October 2024, up 4.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $155K | +0.6% |
| 2 Bedrooms | $185K | $131.8K | -28.7% |
| 3 Bedrooms | $262.5K | $228.2K | -13.0% |
| 4 Bedrooms | $133.5K | $340K | +154.7% |
| 5+ Bedrooms | $285.5K | $212K | -25.7% |
Summary: Theresa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 28.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 154.7%, and 5+ bedroom homes decreased by 25.7%.
Housing Supply in Theresa, NY
How many homes are available in Theresa, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Theresa real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Theresa 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 decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Theresa, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Theresa in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 129 Days | +279.4% |
Summary: Homes in Theresa had an average of 129 days on market in Oct 2024, up by 279.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Theresa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Theresa; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
