Is Webster, 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, Webster has remained a Seller's Market.
Key Takeaway
Webster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Webster, NY
How much do homes in Webster, NY cost?
Median Sold Price
$345,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Webster have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Webster was $345,000 in May 2024, up 10.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $220.5K | $270K | +22.4% |
| 3 Bedrooms | $280K | $319.9K | +14.3% |
| 4 Bedrooms | $375K | $406.5K | +8.4% |
| 5+ Bedrooms | $425K | $477.5K | +12.4% |
Summary: Webster 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 22.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in Webster, NY
How many homes are available in Webster, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 | 126 | +18.9% |
Summary: The Webster real estate market had 126 homes for sale in May 2024, a 18.9% 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 | 21 | 26 | +23.8% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 25 | 42 | +68.0% |
| 5+ Bedrooms | 13 | 6 | -53.8% |
Summary: The Webster 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 23.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 68%, and 5+ bedroom homes decreased by 53.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 36 | +38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Webster, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Webster in May 2024, up by 38.5% month-over-month. Of the 36 sold homes, 3% were sold under asking, 14% were sold at asking, and 83% were sold over asking.
Days on Market for Webster, NY
How long does it take to sell a home in Webster, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 29 Days | +325.3% |
Summary: Homes in Webster had an average of 29 days on market in May 2024, up by 325.3% compared to last year.
Breakdown of Home Sale Times
34 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 Webster are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Webster; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
