Is Wheatland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Wheatland was a Buyer's Market.
Key Takeaway
Wheatland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wheatland, NY
How much do homes in Wheatland, NY cost?
Median Sold Price
$247,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wheatland have sold for 43.9% more than they did a year ago.
Summary: The median home sold price in Wheatland was $247,500 in May 2024, up 43.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119.7K | $130K | +8.6% |
| 3 Bedrooms | $171.2K | $250K | +46.0% |
| 4 Bedrooms | $175K | $189.5K | +8.3% |
| 5+ Bedrooms | $302.5K | $1.0M | +259.3% |
Summary: Wheatland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 46%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 259.3%.
Median Sold Price Compared To Nearby Cities
| Wheatland | $172K | $247.5K | +43.9% |
| Scottsville | $174.9K | $229.2K | +31.1% |
| Riga | $210.5K | $256K | +21.6% |
| Rush | $277.5K | $327.5K | +18.0% |
Housing Supply in Wheatland, NY
How many homes are available in Wheatland, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Wheatland real estate market had 12 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wheatland housing inventory by bedroom type for May 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wheatland, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Wheatland in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Wheatland, NY
How long does it take to sell a home in Wheatland, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 6 Days | -10.7% |
Summary: Homes in Wheatland had an average of 6 days on market in May 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wheatland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Wheatland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
