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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Utopia is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Utopia was a Seller's Market.

Key Takeaway

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

Housing Prices in Utopia, NY

How much do homes in Utopia, NY cost?

Median Sold Price

$1,166,500

$639/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$106,500(+10.0%)

Key Takeaway

Homes in Utopia have sold for 10% more than they did a month ago.

Summary: The median home sold price in Utopia was $1,166,500 in November 2024, up 10% from last month, and the median price per square foot was $639.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $705K-
N/A
3 $903.4K$1.1M
+29.1%
4 $1.1M-
N/A
5+ $1.2M-
N/A

Summary: Utopia housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 29.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Utopia, NY

How many homes are available in Utopia, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2518-28.0%

Summary: The Utopia real estate market had 18 homes for sale in November 2024, a 28.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1412
-14.3%
4 63
-50.0%
5+ 32
-33.3%

Summary: The Utopia 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 decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Utopia, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Utopia in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Utopia, NY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
51 Days31 Days-39.1%

Summary: Homes in Utopia had an average of 31 days on market in Nov 2024, down by 39.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Utopia are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Utopia; 50% of homes were sold within 30 days, 50% 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 22 Days Ago

Newest Listings in Utopia, NY

Nearby Markets to Utopia, NY