Is Scio, 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, Scio has remained a Seller's Market.
Key Takeaway
Scio is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scio, NY
How much do homes in Scio, NY cost?
Median Sold Price
$136,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Scio have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Scio was $136,000 in May 2024, up 18.3% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46K | $118.5K | +157.6% |
| 2 Bedrooms | $79.9K | $131K | +63.9% |
| 3 Bedrooms | $137.4K | $182.5K | +32.8% |
| 4 Bedrooms | $84K | $99K | +17.9% |
| 5+ Bedrooms | - | $225K | N/A |
Summary: Scio housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 157.6%, 2 bedroom homes increased by 63.9%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes did not change.
Housing Supply in Scio, NY
How many homes are available in Scio, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The Scio real estate market had 5 homes for sale in May 2024, a 25.0% 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 | 2 | 2 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Scio 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scio, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Scio in May 2024, up by 100.0% 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 Scio, NY
How long does it take to sell a home in Scio, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 72 Days | +1700.0% |
Summary: Homes in Scio had an average of 72 days on market in May 2024, up by 1700% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Scio has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Scio; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
