March 6, 2024 – MyMarketPulse (mymarketpulse.com) just released the list of the Hottest Markets in New York for January 2024.
Where are homes selling fastest and at the best prices? Curious if there are markets in New York where there is a high demand for homes? MyMarketPulse took a deep dive into it, exploring where in New York the markets are the hottest.
What We Found
We looked at each county, pulling up the median sale prices sales volume from Redfin, focusing on counties with 25 or more home sales per month. We assign a MarketPulse score based on the three-month weighted average of home sales volume and sale prices versus previous twelve months. Counties were then ranked from highest to lowest based on this score.
The Highlights
In New York, the hottest-selling market is New York County, where the MarketPulse Score is 137 and the median sales price comes in at $1,225,000 with 371 homes sold.
On the flip side, Tompkins County sits at the bottom of the market with a MarketPulse Score of 79 with 26 homes sold.
Hottest Markets in New York
1. New York County. MarketPulse Score of 137
2. Kings County. MarketPulse Score of 123
3. Delaware County. MarketPulse Score of 111
4. Genesee County. MarketPulse Score of 109
5. Ulster County. MarketPulse Score of 103
For more information about the New York market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
MyMarketPulse – Know What the Pros Know