Is Utica, 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, Utica was a Seller's Market.
Housing Prices in Utica, NY
How much do homes in Utica, NY cost?
Median Sold Price
$166,744
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Utica was $166,744 in April 2024, up 1% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.1K | $127.5K | +13.7% |
2 Bedrooms | $151.4K | $162.5K | +7.3% |
3 Bedrooms | $165K | $178.2K | +8.0% |
4 Bedrooms | $175.7K | $165K | -6.1% |
5+ Bedrooms | $160K | $145K | -9.4% |
Summary: Utica housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
New Hartford | $226K | $260K | +15.0% |
Whitestown | $185K | $211K | +14.1% |
Yorkville | $150K | $164.1K | +9.5% |
Utica | $165K | $166.7K | +1.0% |
Housing Supply in Utica, NY
How many homes are available in Utica, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 136 | -9.3% |
Summary: The Utica real estate market had 136 homes for sale in April 2024, a 9.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 55 | 45 | -18.2% |
4 Bedrooms | 53 | 40 | -24.5% |
5+ Bedrooms | 29 | 37 | +27.6% |
Summary: The Utica 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 increased by 8.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes increased by 27.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 20 | -20.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Utica in April 2024, down by 20.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.
Days on Market for Utica, NY
How long does it take to sell a home in Utica, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 36 Days | -29.9% |
Summary: Homes in Utica had an average of 36 days on market in Apr 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Utica; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.