Is Port Jervis, 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, Port Jervis was a Seller's Market.
Key Takeaway
Port Jervis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Jervis, NY
How much do homes in Port Jervis, NY cost?
Median Sold Price
$255,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Jervis have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Port Jervis was $255,000 in May 2024, up 9.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $169K | +160.0% |
| 2 Bedrooms | $170K | $220K | +29.4% |
| 3 Bedrooms | $254.2K | $260K | +2.3% |
| 4 Bedrooms | $280K | $289.4K | +3.4% |
| 5+ Bedrooms | $208.4K | $270K | +29.5% |
Summary: Port Jervis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 160%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Deerpark | $279.9K | $321K | +14.7% |
| Port Jervis | $233.5K | $255K | +9.2% |
Housing Supply in Port Jervis, NY
How many homes are available in Port Jervis, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 68 | 0.0% |
Summary: The Port Jervis real estate market had 68 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 | 15 | 16 | +6.7% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Port Jervis 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 increased by 6.7%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Jervis, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Port Jervis in May 2024, down by 66.7% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for Port Jervis, NY
How long does it take to sell a home in Port Jervis, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 127 Days | 125 Days | -2.0% |
Summary: Homes in Port Jervis had an average of 125 days on market in May 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Port Jervis has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Port Jervis; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.