Is Auburn, 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, Auburn has remained a Seller's Market.
Housing Prices in Auburn, NY
How much do homes in Auburn, NY cost?
Median Sold Price
$159,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Auburn was $159,000 in May 2024, down 0.4% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211.2K | $560K | +165.1% |
2 Bedrooms | $138K | $135K | -2.2% |
3 Bedrooms | $152.8K | $166K | +8.6% |
4 Bedrooms | $177.5K | $157.8K | -11.1% |
5+ Bedrooms | $207.4K | $156K | -24.8% |
Summary: Auburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 165.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 24.8%.
Median Sold Price Compared To Nearby Cities
Owasco | $237.5K | $327K | +37.7% |
Sennett | $260K | $325K | +25.0% |
Fleming | $215K | $214.9K | 0% |
Auburn | $159.5K | $159K | -0.4% |
Housing Supply in Auburn, NY
How many homes are available in Auburn, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 125 | 0.0% |
Summary: The Auburn real estate market had 125 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 7 | -36.4% |
3 Bedrooms | 50 | 59 | +18.0% |
4 Bedrooms | 34 | 38 | +11.8% |
5+ Bedrooms | 29 | 19 | -34.5% |
Summary: The Auburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 34.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Auburn in May 2024, up by 8.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Auburn, NY
How long does it take to sell a home in Auburn, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 53 Days | +266.5% |
Summary: Homes in Auburn had an average of 53 days on market in May 2024, up by 266.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Auburn; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.