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 November 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

$317,500

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+9.5%)

Key Takeaway

Homes in Youngstown have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Youngstown was $317,500 in November 2024, up 9.5% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$259K
N/A
2 $265K$252.5K
-4.7%
3 $285K$330K
+15.8%
4 $337.5K$315K
-6.7%
5+ $549.9K$290K
-47.3%

Summary: Youngstown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 47.3%.

Median Sold Price Compared To Nearby Cities

Youngstown
+9.5%
Porter
+8.4%

Housing Supply in Youngstown, NY

How many homes are available in Youngstown, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2921-27.6%

Summary: The Youngstown real estate market had 21 homes for sale in November 2024, a 27.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 54
-20.0%
3 106
-40.0%
4 85
-37.5%
5+ 45
+25.0%

Summary: The Youngstown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Youngstown in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
8 Days38 Days+357.7%

Summary: Homes in Youngstown had an average of 38 days on market in Nov 2024, up by 357.7% compared to last year.

Breakdown of Home Sale Times

4 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 Youngstown are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Youngstown; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 Youngstown, NY

Nearby Markets to Youngstown, NY

What housing markets are near Youngstown, NY?