Is Dunkirk, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dunkirk has remained a Seller's Market.
Key Takeaway
Dunkirk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dunkirk, NY
How much do homes in Dunkirk, NY cost?
Median Sold Price
$104,000
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dunkirk have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Dunkirk was $104,000 in May 2024, down 7.1% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $91.5K | $126.3K | +38.1% |
| 3 Bedrooms | $115K | $120K | +4.3% |
| 4 Bedrooms | $126K | $90K | -28.6% |
| 5+ Bedrooms | $85K | $82K | -3.5% |
Summary: Dunkirk housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in Dunkirk, NY
How many homes are available in Dunkirk, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The Dunkirk real estate market had 43 homes for sale in May 2024, a 14.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Dunkirk housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunkirk, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Dunkirk in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Dunkirk, NY
How long does it take to sell a home in Dunkirk, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 50 Days | +48.2% |
Summary: Homes in Dunkirk had an average of 50 days on market in May 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Dunkirk has remained consistent over time.
Summary: During May 2024, 13 homes were sold in Dunkirk; 31% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
