Home Values in Penfield NY

leaves-57427_640 (1)Happy October! It’s the first weekend of the month which means it’s time for our Home Values in Penfield NY report. Knowing your numbers is always an excellent idea whether a move is in your future or not. Determining fair market value for your home (and we’re all about the “fair” part) can also help you with refinancing, home equity loans and in managing your assets for retirement.

Let’s take a look at what recent numbers indicate:

Active Listings:

Growing GraphCurrently there are 117 homes listed as active in Penfield.  The median sale price is 260k. Values have overall remained steady with some increases depending on the area and amount of inventory. Some of the active listings are new construction which will add to an increase in the median price.

Under Contract:

78 homes are currently listed as pending with a median price of 200k.

Sold:

homeIn the last 30 days, 28 homes have closed, with a median sale price of 190k and at an average of 98% of the asking price.

In general terms, the summer market has extended into the fall and it’s still going strong. While many suggest that Spring is the best time to put your home on the market, many will make a case for the fall as well.

a. Tax Breaks

b. Motivated Buyers and Sellers

c. Home for the Holidays.

With interest rates still low, making a move is worth considering, especially since your home may be worth more than you think it is, which by the way costs nothing to find out. What does cost you is waiting and not knowing your numbers. Fear not, we’re here to help.  Contact our trusted mortgage partner and then  Contact us and FALL in love with where you live.

Penfield is a lively town, located on the southern tip of Irondequoit Bay and just outside of the City of Rochester. Follow this blog to discover more of what our town has to offer; from great local businesses to awesome events, we'll cover it all!

Courtney Dudek Licensed Real Estate Salesperson

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