Is Greece, 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, Greece has remained a Seller's Market.
Key Takeaway
Greece is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greece, NY
How much do homes in Greece, NY cost?
Median Sold Price
$225,111
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greece have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Greece was $225,111 in May 2024, up 12.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $87.5K | -24.6% |
| 2 Bedrooms | $155K | $182.2K | +17.6% |
| 3 Bedrooms | $189.9K | $225K | +18.4% |
| 4 Bedrooms | $235K | $251.6K | +7.1% |
| 5+ Bedrooms | $275K | $330K | +20.0% |
Summary: Greece housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 20%.
Housing Supply in Greece, NY
How many homes are available in Greece, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 212 | 240 | +13.2% |
Summary: The Greece real estate market had 240 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 30 | 32 | +6.7% |
| 3 Bedrooms | 111 | 131 | +18.0% |
| 4 Bedrooms | 60 | 67 | +11.7% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Greece 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 increased by 6.7%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 68 | +36.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greece, you could pay more than the asking price. 85.3% of homes here sold above asking price last month.
Summary: A total of 68 homes were sold or pending in Greece in May 2024, up by 36.0% month-over-month. Of the 68 sold homes, 10% were sold under asking, 4% were sold at asking, and 85% were sold over asking.
Days on Market for Greece, NY
How long does it take to sell a home in Greece, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 8 Days | +36.9% |
Summary: Homes in Greece had an average of 8 days on market in May 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
66 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 Greece are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 68 homes were sold in Greece; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
