Is New Hartford, 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, New Hartford was a Neutral Market.
Housing Prices in New Hartford, NY
How much do homes in New Hartford, NY cost?
Median Sold Price
$265,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Hartford was $265,500 in May 2024, up 17.7% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170.5K | $220K | +29.0% |
3 Bedrooms | $210K | $239.9K | +14.3% |
4 Bedrooms | $273.4K | $352K | +28.7% |
5+ Bedrooms | $466K | $435K | -6.7% |
Summary: New Hartford 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 29%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
New Hartford | $225.5K | $265.5K | +17.7% |
Utica | $165K | $169.9K | +3.0% |
Housing Supply in New Hartford, NY
How many homes are available in New Hartford, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 46 | +27.8% |
Summary: The New Hartford real estate market had 46 homes for sale in May 2024, a 27.8% 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 | 3 | -25.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The New Hartford 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 25%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 4 | -63.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in New Hartford in May 2024, down by 63.6% 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 New Hartford, NY
How long does it take to sell a home in New Hartford, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 3 Days | -73.4% |
Summary: Homes in New Hartford had an average of 3 days on market in May 2024, down by 73.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in New Hartford; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.