Is Collins, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Collins was a Buyer's Market.
Key Takeaway
Collins is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Collins, NY
How much do homes in Collins, NY cost?
Median Sold Price
$184,250
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Collins have sold for 11% more than they did a year ago.
Summary: The median home sold price in Collins was $184,250 in May 2024, up 11% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $301K | $163K | -45.8% |
| 3 Bedrooms | $162.5K | $188K | +15.7% |
| 4 Bedrooms | $166K | $180K | +8.4% |
| 5+ Bedrooms | $207K | $263K | +27.1% |
Summary: Collins housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
| Collins | $166K | $184.2K | +11.0% |
| Gowanda | $161K | $161K | 0.0% |
Housing Supply in Collins, NY
How many homes are available in Collins, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Collins real estate market had 10 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Collins housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collins, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Collins in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Collins, NY
How long does it take to sell a home in Collins, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 49 Days | +81.5% |
Summary: Homes in Collins had an average of 49 days on market in May 2024, up by 81.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Collins are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Collins; 67% 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.
