Gates NY Real Estate Market Report March 2016

Keith & Kyle Hiscock
Published on April 21, 2016

Gates NY Real Estate Market Report March 2016

Gates New York Real Estate Report – March 2016

Want to see what has gone on in the Gates real estate market during the month of March along with year over year comparisons?  Here is the Gates NY real estate market report March 2016 edition.

Gates NY Real Estate Market Report

Gates NY Real Estate Market Report

Gates NY Real Estate Activity For March 2016 vs. March 2015

In March 2016 there were 17 homes that closed during the month for Gates NY real estate.  This is 2 more then the number of homes that closed in March 2015.

  • The average sale price for the homes that closed in March 2015 was $102,247.
  • The average sale price for the homes that closed in March 2016 was $100,346.
  • The average market time (aka Days on Market) for the homes that closed in March 2015 was 62 days.
  • The average market time (aka Days on Market) for the homes that closed in March 2016 was 52 days.
  • The total amount of volume for the homes that closed in March 2015 was $1,533,700.
  • The total amount of volume for the homes that closed in March 2016 was $1,705,884.

Homes Under Contract For March 2016

There were a total of 79 homes in Gates NY that were under contract or sale pending through March 31st, 2016 (of the 79 total homes, 29 homes went under contract during March 2016).  The average market time for these 79 homes was 47 days.  The average list price for these homes under contract was $105,620.

Current Gates, NY Homes For Sale Inventory Levels

There are currently 89 homes on the market in Gates NY.  The average list price is $110,903. The average market time for these homes is 64 days.  Homes in Gates NY are selling in 50-55 days, if priced properly.  The market absorption rate, as of April 1st, 2016 was 3.21 in Gates.  This means that if no other homes in Gates were put on the market, it would take 3.21 months to deplete the remaining homes on the market.

How can both buyers and sellers have an advantage in the Gates NY real estate market?  Employ the services of a local Gates real estate agent who has vast knowledge and experience of the market.

The above statistics are ONLY single family homes and do not include condominiums or multi-family homes.

Find Gates NY Homes for Sale

For a complete list of available real estate in Gates NY, visit Gates NY Homes for Sale.  Make sure to subscribe to our blog so you don’t miss out on any Gates homes.  Contact us to find out what your Gates NY home is worth and to discuss your housing needs.

Other March 2016 Greater Rochester NY Real Estate Market Reports


About the authors:  The above information regarding the “Gates NY Real Estate Market Report March 2016” was provided by the Keith Hiscock Sold Team.  Keith Hiscock & Kyle Hiscock have over 30 years combined experience.  If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.

We service the following Greater Rochester NY areas: Irondequoit, Gates, Penfield, Pittsford, Fairport, Brighton, Gates, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Gates, and Gates NY.

Visit our blog at www.RochesterRealEstateBlog.com.

Gates NY Real Estate Market Report March 2016
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