Is Honeoye Falls, 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, Honeoye Falls has remained a Seller's Market.
Key Takeaway
Honeoye Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Honeoye Falls, NY
How much do homes in Honeoye Falls, NY cost?
Median Sold Price
$399,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Honeoye Falls have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Honeoye Falls was $399,000 in May 2024, up 12.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $159.2K | $252.5K | +58.5% |
| 3 Bedrooms | $265K | $325K | +22.6% |
| 4 Bedrooms | $430.5K | $415K | -3.6% |
| 5+ Bedrooms | $535K | $725K | +35.5% |
Summary: Honeoye Falls 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 58.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 35.5%.
Median Sold Price Compared To Nearby Cities
| Honeoye Falls | $355K | $399K | +12.4% |
| Mendon | $401K | $412K | +2.7% |
Housing Supply in Honeoye Falls, NY
How many homes are available in Honeoye Falls, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 29 | +81.3% |
Summary: The Honeoye Falls real estate market had 29 homes for sale in May 2024, a 81.3% 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 | 2 | 6 | +200.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Honeoye Falls 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 increased by 200%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honeoye Falls, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Honeoye Falls in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Honeoye Falls, NY
How long does it take to sell a home in Honeoye Falls, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +27.6% |
Summary: Homes in Honeoye Falls had an average of 15 days on market in May 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Honeoye Falls are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Honeoye Falls; 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.
