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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wolcott is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Wolcott was a Buyer's Market.

Key Takeaway

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

Housing Prices in Wolcott, NY

How much do homes in Wolcott, NY cost?

Median Sold Price

$203,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$29,500(-12.7%)

Key Takeaway

Homes in Wolcott have sold for 12.7% less than they did a year ago.

Summary: The median home sold price in Wolcott was $203,000 in December 2024, down 12.7% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$118.5K
N/A
2 $269K$262.5K
-2.4%
3 $197.5K$250K
+26.6%
4 $232.5K$179.7K
-22.7%
5+ $244.9K$211K
-13.8%

Summary: Wolcott housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 26.6%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 13.8%.

Housing Supply in Wolcott, NY

How many homes are available in Wolcott, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2417-29.2%

Summary: The Wolcott real estate market had 17 homes for sale in December 2024, a 29.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 33
0.0%
3 126
-50.0%
4 76
-14.3%
5+ 00
0.0%

Summary: The Wolcott 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 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Wolcott in December 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Wolcott, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
69 Days48 Days-29.5%

Summary: Homes in Wolcott had an average of 48 days on market in Dec 2024, down by 29.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 6 homes were sold in Wolcott; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

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