Is Theresa, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Theresa was a Buyer's Market.
Key Takeaway
Theresa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Theresa, NY
How much do homes in Theresa, NY cost?
Median Sold Price
$320,650
$223/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Theresa have sold for 24.6% less than they did a month ago.
Summary: The median home sold price in Theresa was $320,650 in April 2024, down 24.6% from last month, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $321.3K | N/A |
| 4 Bedrooms | $425K | $320K | -24.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Theresa housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 24.7%, and 5+ bedroom homes did not change.
Housing Supply in Theresa, NY
How many homes are available in Theresa, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Theresa real estate market had 20 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 | 4 | +33.3% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Theresa 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Theresa, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Theresa in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Theresa, NY
How long does it take to sell a home in Theresa, NY?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 37 Days | +51.0% |
Summary: Homes in Theresa had an average of 37 days on market in Apr 2024, up by 51% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Theresa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Theresa; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
