Is Sullivan, 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, Sullivan was a Seller's Market.
Housing Prices in Sullivan, NY
How much do homes in Sullivan, NY cost?
Median Sold Price
$225,550
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sullivan was $225,550 in May 2024, up 2.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $178.5K | N/A |
2 Bedrooms | $120K | $170K | +41.7% |
3 Bedrooms | $220.5K | $217.5K | -1.4% |
4 Bedrooms | $235.5K | $295.5K | +25.5% |
5+ Bedrooms | $267.5K | $225K | -15.9% |
Summary: Sullivan 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 41.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
Chittenango | $202.5K | $223.5K | +10.4% |
Constantia | $193.2K | $206K | +6.6% |
Bridgeport | $187.4K | $199.5K | +6.5% |
Sullivan | $219.4K | $225.5K | +2.8% |
Housing Supply in Sullivan, NY
How many homes are available in Sullivan, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 49 | +2.1% |
Summary: The Sullivan real estate market had 49 homes for sale in May 2024, a 2.1% 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 | 6 | 9 | +50.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Sullivan 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 50%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 3 | -72.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sullivan in May 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Sullivan, NY
How long does it take to sell a home in Sullivan, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 88 Days | +78.0% |
Summary: Homes in Sullivan had an average of 88 days on market in May 2024, up by 78% 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
Summary: During May 2024, 3 homes were sold in Sullivan; 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.