Is Stanford, 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, Stanford was a Neutral Market.
Key Takeaway
Stanford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Stanford, NY
How much do homes in Stanford, NY cost?
Median Sold Price
$450,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stanford have sold for 22.1% less than they did a year ago.
Summary: The median home sold price in Stanford was $450,000 in May 2024, down 22.1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $439K | $335K | -23.7% |
| 3 Bedrooms | $420K | $521.4K | +24.1% |
| 4 Bedrooms | $685K | $405K | -40.9% |
| 5+ Bedrooms | $100K | $5.8M | +5772.5% |
Summary: Stanford 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 decreased by 23.7%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 40.9%, and 5+ bedroom homes increased by 5772.5%.
Median Sold Price Compared To Nearby Cities
| Salt Point | $407.5K | $520K | +27.6% |
| Stanford | $577.5K | $450K | -22.1% |
| Clinton Corners | $700K | $474K | -32.3% |
Housing Supply in Stanford, NY
How many homes are available in Stanford, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Stanford real estate market had 33 homes for sale in May 2024, a 26.9% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Stanford 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanford, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Stanford in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Stanford, NY
How long does it take to sell a home in Stanford, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 84 Days | 82 Days | -3.1% |
Summary: Homes in Stanford had an average of 82 days on market in May 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Stanford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Stanford; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.