Is Chenango County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chenango County was a Seller's Market.
Housing Prices in Chenango County, NY
How much do homes in Chenango County, NY cost?
Median Sold Price
$186,000
$115/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Chenango County was $186,000 in May 2024, up 12.7% from last month, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $68.1K | N/A |
2 Bedrooms | $65K | $335K | +415.4% |
3 Bedrooms | $151K | $180K | +19.2% |
4 Bedrooms | $185K | $342.4K | +85.1% |
5+ Bedrooms | $327.4K | $222.5K | -32.1% |
Summary: Chenango County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 415.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 85.1%, and 5+ bedroom homes decreased by 32.1%.
Median Sold Price Compared To Nearby Counties
Chenango County | $165K | $186K | +12.7% |
Delaware County | $240K | $218.7K | -8.9% |
Housing Supply in Chenango County, NY
How many homes are available in Chenango County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
149 | 159 | +6.7% |
Summary: The Chenango County real estate market had 159 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 65 | 68 | +4.6% |
4 Bedrooms | 42 | 37 | -11.9% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Chenango County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 16 | -46.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Chenango County in May 2024, down by 46.7% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Chenango County, NY
How long does it take to sell a home in Chenango County, NY?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 Days | 95 Days | +63.2% |
Summary: Homes in Chenango County had an average of 95 days on market in May 2024, up by 63.2% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Chenango County; 38% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.