Homes in Broome County sold for lower prices recently: See how much here
The median home sold for $175,000, an analysis of data from Realtor.com shows. That means April, the most recent month for which figures are available, was down 4.1% from March.
Compared to April 2024, the median home sales price was up 2.9% compared to $170,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.pressconnects.com.
Here is a breakdown on median sale prices:
Looking only at single-family homes, the $177,000 median selling price in Broome County was down 1.7% in April from $180,000 the month prior. Since April 2024, the sales price of single-family homes was up 3.1% from a median of $171,750.No single-family homes sold for $1 million or more during the month.
Condominiums and townhomes decreased by 24.3% in sales price during April to a median of $140,000 from $185,000 in March. Compared to April 2024, the sales price of condominiums and townhomes was down 6.7% from $150,000. No condominiums or townhomes sold for $1 million or more during April.
In April, the number of recorded sales in Broome County dropped by 14.1% since April 2024 — from 135 to 116. All residential home sales totaled $22.2 million.
Across New York, homes sold at a median of $488,992 during April, down 4.1% from $510,000 in March. There were 9,825 recorded sales across the state during April, down 5.4% from 10,386 recorded sales in April 2024.
Here's a breakdown for the full state:
The total value of recorded residential home sales in New York decreased by 21% from $10 billion in March to $7.9 billion this April.
Out of all residential home sales in New York, 16.47% of homes sold for at least $1 million in April, up from 15.12% in April 2024.
Sales prices of single-family homes across New York decreased by 2.8% from a median of $450,000 in March to $437,255 in April. Since April 2024, the sales price of single-family homes across the state was up 4.1% from $420,040.
Across the state, the sales price of condominiums and townhomes dropped 6.3% from a median of $629,892 in March to $590,036 during April. The median sales price of condominiums and townhomes is up 5.4% from the median of $560,089 in April 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Binghamton Press & Sun-Bulletin: Homes in Broome County sold for lower prices recently: See how much here
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