$2,730 Closing Credit*
$229,900
1,387 SqFt
3 Beds
•2 Full Baths
Tess Johnson, Listing Office: Hunt Real Estate ERA
Is Utica, 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, 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
$170,000
$113/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Utica has remained the same since last year.
Summary: The median home sold price in Utica was $170,000 in October 2024, the same as last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.1K | $144.7K | +29.0% |
| 2 Bedrooms | $151K | $170K | +12.6% |
| 3 Bedrooms | $179.3K | $180K | 0.4% |
| 4 Bedrooms | $178K | $180.5K | +1.4% |
| 5+ Bedrooms | $148.2K | $150K | +1.2% |
Summary: Utica housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| New York Mills | $182.5K | $207.5K | +13.7% |
| Yorkville | $154.7K | $175K | +13.1% |
| Whitestown | $196K | $210K | +7.1% |
| New Hartford | $250K | $265.5K | +6.2% |
| Utica | $170K | $170K | 0.0% |
Housing Supply in Utica, NY
How many homes are available in Utica, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 194 | 208 | +7.2% |
Summary: The Utica real estate market had 208 homes for sale in October 2024, a 7.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 8 | -42.9% |
| 3 Bedrooms | 65 | 72 | +10.8% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 66 | 75 | +13.6% |
Summary: The Utica housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 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. 44.7% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Utica in October 2024, up by 2.7% month-over-month. Of the 38 sold homes, 45% were sold under asking, 24% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | 0.3% |
Summary: Homes in Utica had an average of 19 days on market in Oct 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Utica are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in Utica; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.