Is Ilion, 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, Ilion was a Neutral Market.
Housing Prices in Ilion, NY
How much do homes in Ilion, NY cost?
Median Sold Price
$144,900
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ilion was $144,900 in May 2024, up 31.7% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $110K | $115K | +4.5% |
3 Bedrooms | $110.3K | $147.4K | +33.7% |
4 Bedrooms | $110.5K | $146.6K | +32.7% |
5+ Bedrooms | $103.3K | $88.5K | -14.4% |
Summary: Ilion 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 increased by 4.5%, 3 bedroom homes increased by 33.7%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
Ilion | $110K | $144.9K | +31.7% |
German Flatts | $127K | $139.9K | +10.2% |
Mohawk | $156K | $158K | +1.3% |
Housing Supply in Ilion, NY
How many homes are available in Ilion, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Summary: The Ilion real estate market had 24 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ilion 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 decreased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Ilion in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Ilion, NY
How long does it take to sell a home in Ilion, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 44 Days | -40.5% |
Summary: Homes in Ilion had an average of 44 days on market in May 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Ilion; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.