Here’s What’s Happening with Homes in Penfield NY

It’s August, and it’s the first Saturday of the month.  No worries, there’s still plenty of summer left.  Grab your favorite beverage and have a look.  We’re ready with the Penfield Housing Stats for July and the highlights from the 2nd Quarter Report from Greater Rochester Association of Realtors.  Here’s what you need to know about homes in Penfield NY:

  • We saw an increase in listings in Yates, Ontario, Allegany, Genesee, Steuben, Orleans, Monroe and Wyoming counties.  While some increases were more significant than others, it’s encouraging news nonetheless.
  • The median sales price has increased approximately 10% over this time last year to $152k.
  • More properties are coming on the market which will help in meeting demand.

Here’s what the real estate market looks like with homes in Penfield NY:

Active

Currently, 84 properties were listed and are still available with a median sales price of 282k.  The amount of inventory has remained almost exactly the same over last month although the price has varied.

Pending

Currently, 110 properties are under contract with a median price of 235k.   The average days on the market is 7 as the swift sales are common this summer.

Sold

In the month of July, 31 homes closed with a median sales price of 232k.  On average, sellers received more than what they were asking!

If you’ve been looking for a home and haven’t found the right one just yet or haven’t had an offer accepted, don’t give up.   Looking at the overall picture, we saw an almost 4% increase in new listings this June (2018) over new listings last June (2018). The right home is only one listing away.  In the meantime, let’s get all your ducks in a row:  must haves, pre-approval and desired neighborhoods.  You’ll be ready when the right house comes along.

Ready to start the search? Contact us today and we can let you know what your options are!

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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