Is Jerusalem, 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, Jerusalem has remained a Seller's Market.
Housing Prices in Jerusalem, NY
How much do homes in Jerusalem, NY cost?
Median Sold Price
$360,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jerusalem was $360,000 in April 2024, up 47.5% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $224.9K | N/A |
2 Bedrooms | $170K | $255K | +50.0% |
3 Bedrooms | $242K | $662.5K | +173.8% |
4 Bedrooms | $586.2K | $342.5K | -41.6% |
5+ Bedrooms | $586.7K | - | N/A |
Summary: Jerusalem 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 50%, 3 bedroom homes increased by 173.8%, 4 bedroom homes decreased by 41.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Jerusalem | $244K | $360K | +47.5% |
Milo | $180K | $202.9K | +12.8% |
Penn Yan | $215K | $227K | +5.6% |
Housing Supply in Jerusalem, NY
How many homes are available in Jerusalem, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Summary: The Jerusalem real estate market had 9 homes for sale in April 2024, a 30.8% decrease 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 | 3 | 2 | -33.3% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jerusalem 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 decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Jerusalem in April 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Jerusalem, NY
How long does it take to sell a home in Jerusalem, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 10 Days | +66.7% |
Summary: Homes in Jerusalem had an average of 10 days on market in Apr 2024, up by 66.7% 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
Summary: During April 2024, 2 homes were sold in Jerusalem; 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.