Is Royalton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Royalton has remained a Seller's Market.
Key Takeaway
Royalton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Royalton, NY
How much do homes in Royalton, NY cost?
Median Sold Price
$220,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Royalton have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Royalton was $220,000 in May 2024, up 17.4% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.5K | $249.9K | +350.3% |
| 2 Bedrooms | $233K | $116.5K | -50.0% |
| 3 Bedrooms | $177.5K | $199.8K | +12.6% |
| 4 Bedrooms | $225K | $250K | +11.1% |
| 5+ Bedrooms | $147.5K | $223.5K | +51.5% |
Summary: Royalton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 350.3%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 51.5%.
Median Sold Price Compared To Nearby Cities
| Royalton | $187.4K | $220K | +17.4% |
| Clarence Center | $496.2K | $535K | +7.8% |
| Clarence | $485.9K | $490K | +0.8% |
| Newstead | $322K | $320K | -0.6% |
Housing Supply in Royalton, NY
How many homes are available in Royalton, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Royalton real estate market had 12 homes for sale in May 2024, a 25.0% 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 | 2 | -33.3% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Royalton 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 decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Royalton, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Royalton in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Royalton, NY
How long does it take to sell a home in Royalton, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +17.3% |
Summary: Homes in Royalton had an average of 25 days on market in May 2024, up by 17.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Royalton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Royalton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
