Is Mohawk, 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, Mohawk was a Seller's Market.
Key Takeaway
Mohawk is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mohawk, NY
How much do homes in Mohawk, NY cost?
Median Sold Price
$158,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mohawk have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Mohawk was $158,000 in May 2024, up 1.3% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $80K | +6.7% |
| 2 Bedrooms | $115K | $153.2K | +33.3% |
| 3 Bedrooms | $149.3K | $120K | -19.7% |
| 4 Bedrooms | $200K | $246.1K | +23.1% |
| 5+ Bedrooms | $255K | $287K | +12.5% |
Summary: Mohawk housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Ilion | $110K | $144.9K | +31.7% |
| German Flatts | $127K | $139.9K | +10.2% |
| Herkimer | $122K | $133.1K | +9.1% |
| Mohawk | $156K | $158K | +1.3% |
Housing Supply in Mohawk, NY
How many homes are available in Mohawk, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Mohawk real estate market had 7 homes for sale in May 2024, a 12.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mohawk 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 decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mohawk, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mohawk in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mohawk, NY
How long does it take to sell a home in Mohawk, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 2 Days | -92.3% |
Summary: Homes in Mohawk had an average of 2 days on market in May 2024, down by 92.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mohawk are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Mohawk; 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.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.