Is Sullivan County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sullivan County is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Sullivan County was a Seller's Market.

Key Takeaway

Sullivan County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sullivan County, NY

How much do homes in Sullivan County, NY cost?

Median Sold Price

$290,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,833(+11.0%)

Key Takeaway

Homes in Sullivan County have sold for 11% more than they did a year ago.

Summary: The median home sold price in Sullivan County was $290,000 in April 2024, up 11% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $129.8K$170K
+31.0%
2 $182K$210K
+15.4%
3 $277.4K$311.8K
+12.4%
4 $372K$351.4K
-5.5%
5+ $310K$370K
+19.4%

Summary: Sullivan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Counties

Ulster County
+11.1%
Sullivan County
+11.0%
Orange County
+8.6%

Housing Supply in Sullivan County, NY

How many homes are available in Sullivan County, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
496543+9.5%

Summary: The Sullivan County real estate market had 543 homes for sale in April 2024, a 9.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1218
+50.0%
2 93106
+14.0%
3 221232
+5.0%
4 97109
+12.4%
5+ 7378
+6.8%

Summary: The Sullivan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6249-21.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sullivan County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Sullivan County in April 2024, down by 21.0% month-over-month. Of the 49 sold homes, 57% were sold under asking, 18% were sold at asking, and 24% were sold over asking.

Days on Market for Sullivan County, NY

How long does it take to sell a home in Sullivan County, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
90 Days79 Days-11.4%

Summary: Homes in Sullivan County had an average of 79 days on market in Apr 2024, down by 11.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sullivan County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 49 homes were sold in Sullivan County; 31% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Sullivan County, NY

Nearby Markets to Sullivan County, NY

What housing markets are near Sullivan County, NY?