Is De Witt, 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, De Witt has remained a Seller's Market.
Housing Prices in De Witt, NY
How much do homes in De Witt, NY cost?
Median Sold Price
$270,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in De Witt was $270,000 in May 2024, up 7.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $122K | +14.0% |
2 Bedrooms | $150.7K | $161.7K | +7.3% |
3 Bedrooms | $211K | $238.5K | +13.0% |
4 Bedrooms | $309.9K | $347.5K | +12.1% |
5+ Bedrooms | $537.5K | $376K | -30.0% |
Summary: De Witt housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Cities
East Syracuse | $183.5K | $220K | +19.9% |
Jamesville | $350K | $401.2K | +14.6% |
Salina | $175K | $199K | +13.7% |
De Witt | $251K | $270K | +7.6% |
Syracuse | $164.9K | $173.9K | +5.4% |
Housing Supply in De Witt, NY
How many homes are available in De Witt, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 71 | -12.3% |
Summary: The De Witt real estate market had 71 homes for sale in May 2024, a 12.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 2 | -66.7% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 27 | 23 | -14.8% |
5+ Bedrooms | 19 | 15 | -21.1% |
Summary: The De Witt housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in De Witt in May 2024, down by 28.6% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% were sold over asking.
Days on Market for De Witt, NY
How long does it take to sell a home in De Witt, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 16 Days | +4.2% |
Summary: Homes in De Witt had an average of 16 days on market in May 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in De Witt; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.