Is Van Buren, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Van Buren has remained a Seller's Market.
Key Takeaway
Van Buren is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Van Buren, NY
How much do homes in Van Buren, NY cost?
Median Sold Price
$192,723
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Van Buren have sold for 12% more than they did a year ago.
Summary: The median home sold price in Van Buren was $192,723 in May 2024, up 12% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.4K | $127.4K | +30.8% |
| 2 Bedrooms | $133K | $152K | +14.3% |
| 3 Bedrooms | $170K | $189.7K | +11.6% |
| 4 Bedrooms | $265K | $302.5K | +14.2% |
| 5+ Bedrooms | $454.9K | $433.5K | -4.7% |
Summary: Van Buren housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Baldwinsville | $246K | $278K | +13.0% |
| Van Buren | $172K | $192.7K | +12.0% |
| Lysander | $290K | $321.5K | +10.9% |
Housing Supply in Van Buren, NY
How many homes are available in Van Buren, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Summary: The Van Buren real estate market had 46 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Van Buren housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Van Buren, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Van Buren in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Van Buren, NY
How long does it take to sell a home in Van Buren, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 8 Days | -36.1% |
Summary: Homes in Van Buren had an average of 8 days on market in May 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Van Buren are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Van Buren; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
