Is Colchester, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Colchester has remained a Buyer's Market.
Housing Prices in Colchester, NY
How much do homes in Colchester, NY cost?
Median Sold Price
$160,000
$196/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Colchester was $160,000 in May 2024, down 2.4% from last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $184K | $160K | -13.0% |
3 Bedrooms | $143.9K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Colchester housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Colchester | $163.9K | $160K | -2.4% |
Downsville | $163.9K | $160K | -2.4% |
Housing Supply in Colchester, NY
How many homes are available in Colchester, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The Colchester real estate market had 16 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Colchester 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 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Colchester in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Colchester, NY
How long does it take to sell a home in Colchester, NY?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 Days | 168 Days | +572.0% |
Summary: Homes in Colchester had an average of 168 days on market in May 2024, up by 572% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Colchester; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.