Is Washington, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Washington was a Buyer's Market.
Key Takeaway
Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington, NY
How much do homes in Washington, NY cost?
Median Sold Price
$410,000
$284/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Washington have sold for 5.7% less than they did a month ago.
Summary: The median home sold price in Washington was $410,000 in May 2024, down 5.7% from last month, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $217K | N/A |
| 3 Bedrooms | - | $400K | N/A |
| 4 Bedrooms | $435K | $1.0M | +147.1% |
| 5+ Bedrooms | - | $5.4M | N/A |
Summary: Washington 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 147.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Millbrook | $435K | $1.0M | +147.1% |
| Washington | $435K | $410K | -5.7% |
Housing Supply in Washington, NY
How many homes are available in Washington, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Washington real estate market had 28 homes for sale in May 2024, a 12.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Washington 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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Washington in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Washington, NY
How long does it take to sell a home in Washington, NY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 213 Days | +433.0% |
Summary: Homes in Washington had an average of 213 days on market in May 2024, up by 433% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Washington are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 5 homes were sold in Washington; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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.