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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Youngstown is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Youngstown has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Youngstown, NY

How much do homes in Youngstown, NY cost?

Median Sold Price

$310,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,000(+3.3%)

Key Takeaway

Homes in Youngstown have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Youngstown was $310,000 in December 2024, up 3.3% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$259K
N/A
2 $265K$215K
-18.9%
3 $287.5K$330K
+14.8%
4 $345K$310.5K
-10.0%
5+ $549.9K$290K
-47.3%

Summary: Youngstown 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 18.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 47.3%.

Median Sold Price Compared To Nearby Cities

Youngstown
+3.3%
Porter
+3.3%

Housing Supply in Youngstown, NY

How many homes are available in Youngstown, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2112-42.9%

Summary: The Youngstown real estate market had 12 homes for sale in December 2024, a 42.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 62
-66.7%
4 52
-60.0%
5+ 43
-25.0%

Summary: The Youngstown 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 decreased by 20%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Youngstown, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Youngstown in December 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Youngstown, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
24 Days8 Days-63.5%

Summary: Homes in Youngstown had an average of 8 days on market in Dec 2024, down by 63.5% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 4 homes were sold in Youngstown; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Youngstown, NY

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