Is Batavia, 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, Batavia has remained a Seller's Market.
Key Takeaway
Batavia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Batavia, NY
How much do homes in Batavia, NY cost?
Median Sold Price
$165,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Batavia have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Batavia was $165,000 in May 2024, up 3.2% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $141.9K | $160K | +12.7% |
| 3 Bedrooms | $161.7K | $173.5K | +7.3% |
| 4 Bedrooms | $181.2K | $164.9K | -9.0% |
| 5+ Bedrooms | $149.9K | $135K | -9.9% |
Summary: Batavia 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 12.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 9.9%.
Housing Supply in Batavia, NY
How many homes are available in Batavia, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The Batavia real estate market had 59 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 25 | 31 | +24.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Batavia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 24%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Batavia, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Batavia in May 2024, down by 5.9% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for Batavia, NY
How long does it take to sell a home in Batavia, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 11 Days | -45.9% |
Summary: Homes in Batavia had an average of 11 days on market in May 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Batavia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Batavia; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
