Is Hornell, 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, Hornell has remained a Seller's Market.
Housing Prices in Hornell, NY
How much do homes in Hornell, NY cost?
Median Sold Price
$117,500
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hornell was $117,500 in May 2024, up 1.5% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $76K | $109K | +43.4% |
3 Bedrooms | $115K | $103K | -10.4% |
4 Bedrooms | $122.7K | $128.1K | +4.4% |
5+ Bedrooms | $158K | $163.2K | +3.3% |
Summary: Hornell 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 43.4%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in Hornell, NY
How many homes are available in Hornell, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 44 | -8.3% |
Summary: The Hornell real estate market had 44 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 25 | 21 | -16.0% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Hornell 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 33.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hornell in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Hornell, NY
How long does it take to sell a home in Hornell, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 80 Days | +134.3% |
Summary: Homes in Hornell had an average of 80 days on market in May 2024, up by 134.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Hornell; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.