Is Skaneateles, 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, Skaneateles was a Buyer's Market.
Key Takeaway
Skaneateles 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 Skaneateles, NY
How much do homes in Skaneateles, NY cost?
Median Sold Price
$630,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Skaneateles have sold for 11% more than they did a year ago.
Summary: The median home sold price in Skaneateles was $630,000 in May 2024, up 11% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $588K | N/A |
| 2 Bedrooms | $432.5K | $590K | +36.4% |
| 3 Bedrooms | $483.7K | $492K | +1.7% |
| 4 Bedrooms | $799.9K | $872.5K | +9.1% |
| 5+ Bedrooms | $1.5M | $1.0M | -33.3% |
Summary: Skaneateles 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 36.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Housing Supply in Skaneateles, NY
How many homes are available in Skaneateles, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The Skaneateles real estate market had 32 homes for sale in May 2024, a 18.5% increase 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Skaneateles 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 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Skaneateles, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Skaneateles in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Skaneateles, NY
How long does it take to sell a home in Skaneateles, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 134 Days | +635.3% |
Summary: Homes in Skaneateles had an average of 134 days on market in May 2024, up by 635.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Skaneateles are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Skaneateles; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
