$1,839 Closing Credit*
$154,900
1,215 SqFt
3 Beds
•1 Full Bath
Richard A. Wehrle Jr., Listing Office: SCAMPONE REAL ESTATE
Is Utica, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Utica has remained a Seller's Market.
Key Takeaway
Utica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Utica, NY
How much do homes in Utica, NY cost?
Median Sold Price
$174,150
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,150(+2.4%)
Key Takeaway
Homes in Utica have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Utica was $174,150 in November 2024, up 2.4% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $162K | +27.1% |
| 2 Bedrooms | $160K | $170.2K | +6.4% |
| 3 Bedrooms | $178.9K | $180K | +0.6% |
| 4 Bedrooms | $180K | $182.4K | +1.4% |
| 5+ Bedrooms | $148.2K | $155K | +4.5% |
Summary: Utica housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Yorkville | $154.7K | $175K | +13.1% |
| New York Mills | $191.1K | $205K | +7.2% |
| New Hartford | $252.2K | $270K | +7.1% |
| Whitestown | $201.1K | $208.5K | +3.7% |
| Utica | $170K | $174.1K | +2.4% |
Housing Supply in Utica, NY
How many homes are available in Utica, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 230 | 196 | -14.8% |
Summary: The Utica real estate market had 196 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 75 | 67 | -10.7% |
| 4 Bedrooms | 64 | 53 | -17.2% |
| 5+ Bedrooms | 80 | 64 | -20.0% |
Summary: The Utica housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 39 | -17.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Utica, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Utica in November 2024, down by 17.0% month-over-month. Of the 39 sold homes, 49% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Utica, NY
How long does it take to sell a home in Utica, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -6.1% |
Summary: Homes in Utica had an average of 26 days on market in Nov 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Utica are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 39 homes were sold in Utica; 69% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
