Is Patterson, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Patterson was a Neutral Market.
Housing Prices in Patterson, NY
How much do homes in Patterson, NY cost?
Median Sold Price
$447,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Patterson was $447,000 in May 2024, up 13.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $233.7K | +26.4% |
2 Bedrooms | $322K | $350K | +8.7% |
3 Bedrooms | $444.7K | $449.5K | +1.1% |
4 Bedrooms | $630K | $695K | +10.3% |
5+ Bedrooms | $705K | $470K | -33.3% |
Summary: Patterson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Cities
Sherman | $590K | $675K | +14.4% |
Patterson | $392.5K | $447K | +13.9% |
Southeast | $422.5K | $477K | +12.9% |
Holmes | $433.5K | $474K | +9.3% |
New Fairfield | $485K | $530K | +9.3% |
Housing Supply in Patterson, NY
How many homes are available in Patterson, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Summary: The Patterson real estate market had 52 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Patterson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Patterson in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Patterson, NY
How long does it take to sell a home in Patterson, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 38 Days | -48.8% |
Summary: Homes in Patterson had an average of 38 days on market in May 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Patterson; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.