Is Honeoye Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Honeoye Falls was a Seller's Market.
Key Takeaway
Honeoye Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Honeoye Falls, NY
How much do homes in Honeoye Falls, NY cost?
Median Sold Price
$385,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Honeoye Falls have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Honeoye Falls was $385,000 in April 2024, up 8.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.5K | - | N/A |
| 2 Bedrooms | $159.2K | $222K | +39.4% |
| 3 Bedrooms | $273.5K | $297.5K | +8.8% |
| 4 Bedrooms | $430.5K | $415K | -3.6% |
| 5+ Bedrooms | $589.4K | $640K | +8.6% |
Summary: Honeoye Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Honeoye Falls | $355K | $385K | +8.5% |
| Mendon | $400K | $404K | +1.0% |
Housing Supply in Honeoye Falls, NY
How many homes are available in Honeoye Falls, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Honeoye Falls real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Honeoye Falls 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 remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Honeoye Falls, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Honeoye Falls in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Honeoye Falls, NY
How long does it take to sell a home in Honeoye Falls, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 16 Days | +93.1% |
Summary: Homes in Honeoye Falls had an average of 16 days on market in Apr 2024, up by 93.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Honeoye Falls are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Honeoye Falls; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
