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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wingate is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Wingate was a Buyer's Market.

Key Takeaway

Wingate is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Wingate, NY

How much do homes in Wingate, NY cost?

Median Sold Price

$538,981

$448/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$101,019(-15.8%)

Key Takeaway

Homes in Wingate have sold for 15.8% less than they did a month ago.

Summary: The median home sold price in Wingate was $538,981 in November 2024, down 15.8% from last month, and the median price per square foot was $448.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$538.9K
N/A
2 --
N/A
3 $640K$525K
-18.0%
4 --
N/A
5+ -$1.5M
N/A

Summary: Wingate 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 decreased by 18%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Wingate, NY

How many homes are available in Wingate, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
18180.0%

Summary: The Wingate real estate market had 18 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 68
+33.3%
3 53
-40.0%
4 22
0.0%
5+ 33
0.0%

Summary: The Wingate 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 increased by 33.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wingate, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wingate in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Wingate, NY

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

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Wingate are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Wingate; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

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