Is Chili, 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, Chili has remained a Seller's Market.
Housing Prices in Chili, NY
How much do homes in Chili, NY cost?
Median Sold Price
$250,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chili was $250,000 in May 2024, up 8.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $135K | +3.8% |
2 Bedrooms | $180K | $211K | +17.2% |
3 Bedrooms | $230K | $244.4K | +6.3% |
4 Bedrooms | $240K | $282.3K | +17.6% |
5+ Bedrooms | $350K | $280K | -20.0% |
Summary: Chili housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 20%.
Housing Supply in Chili, NY
How many homes are available in Chili, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 60 | +20.0% |
Summary: The Chili real estate market had 60 homes for sale in May 2024, a 20.0% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 11 | 19 | +72.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Chili 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 remained the same, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Chili in May 2024, down by 20.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 0% were sold at asking, and 92% were sold over asking.
Days on Market for Chili, NY
How long does it take to sell a home in Chili, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 8 Days | +20.4% |
Summary: Homes in Chili had an average of 8 days on market in May 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
12 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, 12 homes were sold in Chili; 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.