Newly released data from Realtor.com for June shows that potential buyers and sellers in Broome County saw lower home sale prices than the previous month’s median of $177,000.
The median home sold for $175,000, an analysis of data from Realtor.com shows. That means June, the most recent month for which figures are available, was down 1.1% from May.
Compared to June 2024, the median home sales price was down 1.4% compared to $177,500.
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 $175,000 median selling price in Broome County was up 2% in June from $171,500 the month prior. Since June 2024, the sales price of single-family homes was down 1.4% from a median of $177,500.No single-family homes sold for $1 million or more during the month.
Condominiums and townhomes decreased by 19.7% in sales price during June to a median of $183,000 from $227,950 in May. Compared to June 2024, the sales price of condominiums and townhomes was down 9.6% from $202,500. No condominiums or townhomes sold for $1 million or more during June.
About recorded home sales in Broome County in New York
In June, the number of recorded sales in Broome County dropped by 9.2% since June 2024 — from 130 to 118. All residential home sales totaled $22.9 million.
Across New York, homes sold at a median of $509,671 during June, up 1.9% from $500,000 in May. There were 10,049 recorded sales across the state during June, down 6.2% from 10,709 recorded sales in June 2024.
Here’s a breakdown for the full state:
The total value of recorded residential home sales in New York decreased by 1.6% from $8.3 billion in May to $8.2 billion this June.
Out of all residential home sales in New York, 18.04% of homes sold for at least $1 million in June, up from 16.61% in June 2024.
Sales prices of single-family homes across New York increased by 2% from a median of $442,290 in May to $451,031 in June. Since June 2024, the sales price of single-family homes across the state was up 5% from $429,440.
Across the state, the sales price of condominiums and townhomes rose 3.8% from a median of $626,296 in May to $650,000 during June. The median sales price of condominiums and townhomes is up 12.2% from the median of $579,238 in June 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