Is Frewsburg, 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, Frewsburg has remained a Seller's Market.
Key Takeaway
Frewsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frewsburg, NY
How much do homes in Frewsburg, NY cost?
Median Sold Price
$142,748
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Frewsburg have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Frewsburg was $142,748 in May 2024, down 4.8% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $115K | $164.7K | +43.3% |
| 3 Bedrooms | $177.5K | $130.7K | -26.3% |
| 4 Bedrooms | $139.9K | $160K | +14.4% |
| 5+ Bedrooms | $249.1K | $180K | -27.7% |
Summary: Frewsburg 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 43.3%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 27.7%.
Median Sold Price Compared To Nearby Cities
| Frewsburg | $149.9K | $142.7K | -4.8% |
| Carroll | $161K | $135.7K | -15.7% |
Housing Supply in Frewsburg, NY
How many homes are available in Frewsburg, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Frewsburg real estate market had 12 homes for sale in May 2024, a 14.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Frewsburg 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frewsburg, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Frewsburg in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Frewsburg, NY
How long does it take to sell a home in Frewsburg, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 59 Days | -3.0% |
Summary: Homes in Frewsburg had an average of 59 days on market in May 2024, down by 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
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frewsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Frewsburg; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
