Is Spencerport, 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, Spencerport has remained a Seller's Market.
Key Takeaway
Spencerport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spencerport, NY
How much do homes in Spencerport, NY cost?
Median Sold Price
$275,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Spencerport have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Spencerport was $275,000 in May 2024, up 14.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $218.7K | +13.6% |
| 3 Bedrooms | $228.9K | $275K | +20.1% |
| 4 Bedrooms | $280K | $315K | +12.5% |
| 5+ Bedrooms | $318.4K | $271K | -14.9% |
Summary: Spencerport 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 13.6%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Ogden | $233.2K | $275K | +17.9% |
| Spencerport | $240K | $275K | +14.6% |
Housing Supply in Spencerport, NY
How many homes are available in Spencerport, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Summary: The Spencerport real estate market had 39 homes for sale in May 2024, a 21.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Spencerport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencerport, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Spencerport in May 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Spencerport, NY
How long does it take to sell a home in Spencerport, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 10 Days | +38.9% |
Summary: Homes in Spencerport had an average of 10 days on market in May 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spencerport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Spencerport; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
