Is Pompey, 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, Pompey was a Seller's Market.
Key Takeaway
Pompey 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 Pompey, NY
How much do homes in Pompey, NY cost?
Median Sold Price
$431,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pompey have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Pompey was $431,000 in May 2024, down 3.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $140K | -50.9% |
| 2 Bedrooms | $153.5K | $277.5K | +80.8% |
| 3 Bedrooms | $282.5K | $309.7K | +9.6% |
| 4 Bedrooms | $495K | $485K | -2.0% |
| 5+ Bedrooms | $580K | $642.3K | +10.7% |
Summary: Pompey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.9%, 2 bedroom homes increased by 80.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Jamesville | $350K | $401.2K | +14.6% |
| LaFayette | $265K | $265.5K | 0.2% |
| Pompey | $448.5K | $431K | -3.9% |
Housing Supply in Pompey, NY
How many homes are available in Pompey, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Pompey real estate market had 21 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Pompey housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompey, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pompey in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pompey, NY
How long does it take to sell a home in Pompey, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 58 Days | +1509.2% |
Summary: Homes in Pompey had an average of 58 days on market in May 2024, up by 1509.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pompey are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Pompey; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
