Gates NY Real Estate Market Report October 2014

Keith & Kyle Hiscock
Published on November 24, 2014

Gates NY Real Estate Market Report October 2014

Gates New York Real Estate Report – October 2014

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

Gates NY Real Estate Market Report

Gates NY Real Estate Market Report

Gates NY Real Estate Activity For October 2014 vs. October 2013

In October 2014 there were 21 homes that closed during the month for Gates NY real estate.  This is 8 less than the 29 homes that closed in October 2013.

  • The average sale price for the homes that closed in October 2013 was $107,248.
  • The average sale price for the homes that closed in October 2014 was $100,829.
  • The average market time (aka Days on Market) for the homes that closed in October 2013 was 46 days.
  • The average market time (aka Days on Market) for the homes that closed in October 2014 was 37 days.
  • The total amount of volume for the homes that closed in October 2013 was $3,110,200.
  • The total amount of volume for the homes that closed in October 2014 was $2,117,400.

Homes Under Contract For October 2014

There were a total of 48 homes in Gates NY that were under contract or sale pending through October 31st, 2014 (of the 48 total homes, 11 homes went under contract during October 2014).  The average market time for these 48 homes was 52 days.  The average list price for these homes under contract was $107,038.

Current November Homes For Sale Inventory Levels

There are currently 129 homes on the market in Gates NY.  The average list price is $113,168.  The average market time for these homes is 60 days.  Homes in Gates NY are selling about 25-35 days, if priced properly.  The market absorption rate, as of November 1st, was 4.95 in Gates.  This means that if no other homes in Gates were put on the market, it would take 4.95 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, 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 Greater Rochester, NY Market Reports – October 2014


About the authors:  The above information regarding the “Gates NY Real Estate Market Report October 2014” 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, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY.

Visit our website at www.HiscockHomes.com & our blog at www.RochesterRealEstateBlog.com.

Gates NY Real Estate Market Report October 2014
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