Is Lee, 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, Lee has remained a Seller's Market.
Key Takeaway
Lee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lee, NY
How much do homes in Lee, NY cost?
Median Sold Price
$195,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lee have sold for 16.2% less than they did a year ago.
Summary: The median home sold price in Lee was $195,000 in May 2024, down 16.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | $154.5K | $189.9K | +22.9% |
| 3 Bedrooms | $190.4K | $193K | +1.3% |
| 4 Bedrooms | $389.9K | $304.9K | -21.8% |
| 5+ Bedrooms | $315K | $291.5K | -7.5% |
Summary: Lee 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 22.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in Lee, NY
How many homes are available in Lee, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Lee real estate market had 17 homes for sale in May 2024, a 13.3% 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 | 3 | +50.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lee 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 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lee in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lee, NY
How long does it take to sell a home in Lee, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 97 Days | +525.8% |
Summary: Homes in Lee had an average of 97 days on market in May 2024, up by 525.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Lee; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
