Schenevus home prices in this rolling three-month view are up compared with a year ago, with the typical home value rising about 13 percent. Median list prices climbed even faster year over year, increasing more than 30 percent. At the same time, closed sales volume surged, with homes sold more than tripling versus last year.
Current conditions point to a tight seller’s market, with only 1.6 months of supply available. Homes are also turning over more quickly, as the median days on market has edged down to 16 days and about two thirds go off the market within two weeks. Even with that speed, buyers are seeing some room to negotiate, reflected in an average sale-to-list price ratio around 96 percent and no recent sales closing above list price.
Inventory has expanded from a year ago, with active listings up by roughly half and new listings showing a similar gain, giving buyers somewhat more choice even as demand strengthens. Pending sales in this three-month window are up dramatically year over year, indicating that more deals are getting inked despite the limited supply. With these cross-currents in prices, speed, and inventory, both buyers and sellers in Schenevus can benefit from an expert guide, and Agent Pronto can connect them with a local real estate agent who understands this market.
