Is Vernon Center, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vernon Center is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Vernon Center has remained a Seller's Market.

Key Takeaway

Vernon Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Vernon Center, NY

How much do homes in Vernon Center, NY cost?

Median Sold Price

$229,000

$113/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$286,000(-55.5%)

Key Takeaway

Homes in Vernon Center have sold for 55.5% less than they did a month ago.

Summary: The median home sold price in Vernon Center was $229,000 in December 2024, down 55.5% from last month, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $515K-
N/A
4 -$229K
N/A
5+ --
N/A

Summary: Vernon Center housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Vernon Center
-55.5%
Augusta
-76.1%

Housing Supply in Vernon Center, NY

How many homes are available in Vernon Center, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
43-25.0%

Summary: The Vernon Center real estate market had 3 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Vernon Center housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vernon Center, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Vernon Center in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Vernon Center, NY

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

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Vernon Center are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in Vernon Center; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

Newest Listings in Vernon Center, NY

Nearby Markets to Vernon Center, NY

What housing markets are near Vernon Center, NY?