Is Ontario, 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, Ontario has remained a Seller's Market.
Key Takeaway
Ontario is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontario, NY
How much do homes in Ontario, NY cost?
Median Sold Price
$325,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ontario have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Ontario was $325,000 in April 2024, up 14.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | - | N/A |
| 2 Bedrooms | $195.8K | $200K | +2.1% |
| 3 Bedrooms | $250K | $281K | +12.4% |
| 4 Bedrooms | $300K | $370K | +23.3% |
| 5+ Bedrooms | $406.2K | $400.2K | -1.5% |
Summary: Ontario 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 2.1%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Williamson | $187K | $221.2K | +18.3% |
| Ontario | $283.7K | $325K | +14.5% |
Housing Supply in Ontario, NY
How many homes are available in Ontario, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Ontario real estate market had 23 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Ontario 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 decreased by 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontario, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Ontario in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Ontario, NY
How long does it take to sell a home in Ontario, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 6 Days | -22.9% |
Summary: Homes in Ontario had an average of 6 days on market in Apr 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
6 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 Ontario are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Ontario; 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.
