Is Canandaigua, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Canandaigua has remained a Seller's Market.
Housing Prices in Canandaigua, NY
How much do homes in Canandaigua, NY cost?
Median Sold Price
$330,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Canandaigua was $330,000 in April 2024, up 6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $409.5K | $225K | -45.1% |
2 Bedrooms | $285K | $300K | +5.3% |
3 Bedrooms | $300K | $340K | +13.3% |
4 Bedrooms | $340K | $356.9K | +5.0% |
5+ Bedrooms | $415.5K | $519.5K | +25.0% |
Summary: Canandaigua housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 25%.
Housing Supply in Canandaigua, NY
How many homes are available in Canandaigua, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 71 | +1.4% |
Summary: The Canandaigua real estate market had 71 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 29 | 22 | -24.1% |
4 Bedrooms | 18 | 22 | +22.2% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Canandaigua housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 24.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Canandaigua in April 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Canandaigua, NY
How long does it take to sell a home in Canandaigua, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 13 Days | -73.7% |
Summary: Homes in Canandaigua had an average of 13 days on market in Apr 2024, down by 73.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Canandaigua; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.