Looking for hot markets in New York where homes are selling above the asking price? There are many places in New York State where homes are selling over asking price- one town at a whopping 34% over asking price! Some homes are even selling within 5 days of being listed! These markets are so hot that bidding wars have become the norm. To determine where homes are selling quickly, we have analyzed January home sales data in New York. Below, you’ll find a list of 51 places in New York where homes sold for over 10% above their list prices.
Where are the hottest markets in New York Right Now?
The hottest real estate markets in New York are mostly located in Upstate New York where homes are selling for more than their asking price. Among the top ten towns, Matinecock located on Long Island had the highest median sale price of $3,531,000, selling for almost 18% above the asking price, and homes selling within 13 days.
Spencerport, North Rose, and Rose, all Western NY Towns, takes the lead with homes selling for an impressive 34% above the asking price. The median prices of home are $201,000. Wadsworth followed closely, with a median price of $127,400, selling for 27.5% above the asking price, and homes sold within 5 days.
Seneca Knolls, located near Syracuse, came in next selling for 23% above the asking price with a median sale price of $160,000 and selling within 4 days. Corinth, near Saratoga Springs, followed closely, with a median price of $131,000, 22.6% above the asking price, and selling within 11 days.
Jerusalem, in the Finger Lakes region, had a median price of $339,950, 21.8% above the asking price. Corfu, Greece, and Stockholm, all located in various regions of Upstate New York, all sold for 21.1% above the asking price, within 5 to 10 days with median prices ranging from $102,900 to $225,000.
Port Gibson, located between Rochester and Syracuse, sold 20.1% above the asking price with a median price of $138,000. Finally, Le Roy and Middleport, both located in western New York, sold 20% above the asking price, and sold within 7 to 9 days.
How Did New York City Do?
In New York City, the real estate market is more balanced. Homes in NYC were selling for a price that was pretty close to what the sellers were asking for with a 97.5% average sale to list price. The median home price $800,000 in New York City. It took an average of 75 days to sell a house in New York City.
How Did the New York Suburbs of Westchester County Do?
Ardsley and Katonah made the list of places in New York that sold 10% over the asking price. The real estate market of both towns is hot with bidding wars and quick sales. In Katonah, homes were sold for 11.7% above asking price in 6 days! The median home price was $658,000.
In Ardsley, it was similar, homes sold for 11% above the asking price in 10 days, with a median house price of $805,000.
Places in New York Where Homes Sold at Least 10% Over Asking Price
Spencerport, NY
- Percent Above Asking: 34.20%
- Median Sale Price: $295,000
- Days on Market: 10
North Rose, NY
- Percent Above Asking: 34.10%
- Median Sale Price: $201,000
- Days on Market: 5
Rose, NY
- Percent Above Asking: 34.10%
- Median Sale Price: $201,000
- Days on Market: 5
Wadsworth, NY
- Percent Above Asking: 27.50%
- Median Sale Price: $127,400
- Days on Market: 5
Seneca Knolls, NY
- Percent Above Asking: 23.20%
- Median Sale Price: $160,000
- Days on Market: 4
Corinth, NY
- Percent Above Asking: 22.60%
- Median Sale Price: $131,000
- Days on Market: 11
Jerusalem, NY
- Percent Above Asking: 21.80%
- Median Sale Price: $339,950
- Days on Market: 25
Corfu, NY
- Percent Above Asking: 21.10%
- Median Sale Price: $102,900
- Days on Market: 10
Greece, NY
- Percent Above Asking: 21.10%
- Median Sale Price: $205,000
- Days on Market: 9
Stockholm, NY
- Percent Above Asking: 21.10%
- Median Sale Price: $225,000
- Days on Market: 57
Port Gibson, NY
- Percent Above Asking: 20.10%
- Median Sale Price: $138,000
- Days on Market: 25
Le Roy, NY
- Percent Above Asking: 20.00%
- Median Sale Price: $145,000
- Days on Market: 9
Middleport, NY
- Percent Above Asking: 20.00%
- Median Sale Price: $150,000
- Days on Market: 7
Rush, NY
- Percent Above Asking: 18.50%
- Median Sale Price: $263,389
- Days on Market: 6
Honeoye Falls, NY
- Percent Above Asking: 18.20%
- Median Sale Price: $325,000
- Days on Market: 7
Matinecock, NY
- Percent Above Asking: 17.90%
- Median Sale Price: $3,531,000
- Days on Market: 13
Waddington, NY
- Percent Above Asking: 17.40%
- Median Sale Price: $162,000
- Days on Market: 5
Alabama, NY
- Percent Above Asking: 16.40%
- Median Sale Price: $192,000
- Days on Market: 10
North Ballston Spa, NY
- Percent Above Asking: 16.20%
- Median Sale Price: $531,798
- Days on Market: 5
North Collins, NY
- Percent Above Asking: 16.20%
- Median Sale Price: $115,000
- Days on Market: 22
Henrietta, NY
- Percent Above Asking: 15.70%
- Median Sale Price: $218,000
- Days on Market: 13
Palermo, NY
- Percent Above Asking: 15.60%
- Median Sale Price: $98,500
- Days on Market: 20
Village Green, NY
- Percent Above Asking: 15.50%
- Median Sale Price: $243,850
- Days on Market: 13
North Gates, NY
- Percent Above Asking: 15.40%
- Median Sale Price: $190,000
- Days on Market: 8
Fairport, NY
- Percent Above Asking: 15.10%
- Median Sale Price: $341,500
- Days on Market: 6
Walworth, NY
- Percent Above Asking: 15.10%
- Median Sale Price: $264,500
- Days on Market: 7
Maybrook, NY
- Percent Above Asking: 15.00%
- Median Sale Price: $177,500
- Days on Market: 13
Red Creek, NY
- Percent Above Asking: 14.50%
- Median Sale Price: $182,000
- Days on Market: 9
Barre, NY
- Percent Above Asking: 14.40%
- Median Sale Price: $200,000
- Days on Market: 8
Dryden, NY
- Percent Above Asking: 14.30%
- Median Sale Price: $248,250
- Days on Market: 46
Oakfield, NY
- Percent Above Asking: 13.70%
- Median Sale Price: $191,000
- Days on Market: 12
Gasport, NY
- Percent Above Asking: 13.40%
- Median Sale Price: $170,000
- Days on Market: 6
Canandaigua, NY
- Percent Above Asking: 13.30%
- Median Sale Price: $180,000
- Days on Market: 7
Crystal Beach, NY
- Percent Above Asking: 13.20%
- Median Sale Price: $215,000
- Days on Market: 9
Clyde, NY
- Percent Above Asking: 13.10%
- Median Sale Price: $138,500
- Days on Market: 10
Galen, NY
- Percent Above Asking: 13.10%
- Median Sale Price: $138,500
- Days on Market: 10
Hornby, NY
- Percent Above Asking: 12.50%
- Median Sale Price: $135,000
- Days on Market: 5
Chittenango, NY
- Percent Above Asking: 12.20%
- Median Sale Price: $185,000
- Days on Market: 77
Hamlin, NY
- Percent Above Asking: 11.90%
- Median Sale Price: $165,000
- Days on Market: 18
Sodus, NY
- Percent Above Asking: 11.90%
- Median Sale Price: $67,000
- Days on Market: 12
Gates, NY
- Percent Above Asking: 11.70%
- Median Sale Price: $210,000
- Days on Market: 12
Katonah, NY
- Percent Above Asking: 11.70%
- Median Sale Price: $658,000
- Days on Market: 6
Royalton, NY
- Percent Above Asking: 11.10%
- Median Sale Price: $150,000
- Days on Market: 6
Volney, NY
- Percent Above Asking: 11.10%
- Median Sale Price: $55,000
- Days on Market: 64
Ardsley, NY
- Percent Above Asking: 11.00%
- Median Sale Price: $805,000
- Days on Market: 10
Fairmount, NY
- Percent Above Asking: 11.00%
- Median Sale Price: $228,000
- Days on Market: 33
Gananda, NY
- Percent Above Asking: 10.60%
- Median Sale Price: $253,722
- Days on Market: 9
Garden City South, NY
- Percent Above Asking: 10.60%
- Median Sale Price: $1,050,000
- Days on Market: 16
New Scotland, NY
- Percent Above Asking: 10.30%
- Median Sale Price: $350,000
- Days on Market: 7
Thiells, NY
- Percent Above Asking: 10.10%
- Median Sale Price: $595,000
- Days on Market: 23
Webster, NY
- Percent Above Asking: 10.00%
- Median Sale Price: $340,500
- Days on Market: 8
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