Herkimer County, NY Home Values & Market Trends
The median home price in Herkimer County, NY is $149,672.98. There were 865 home sales in Herkimer County, NY over the past 12 months. The median residential Herkimer County, NY home value for transactions over the previous year is $75,250. The number of current listings in Herkimer County, NY is 88, and the percentage of properties for sale is 88.00%. The county has 177 foreclosures, 2 bank owned properties, 4 headed for auction, and 88 properties for sale.
Herkimer County, NY Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Herkimer | $ 145,000 $ 93/sqft | Newport | $ 307,450 $ 160/sqft |
| Little Falls | $ 120,000 $ 74/sqft | Poland | $ 293,381 $ 42/sqft |
| Dolgeville | $ 136,314 $ 65/sqft | Eagle Bay | $ 1,500,000 $ 561/sqft |
| Ilion | $ 101,100 $ 68/sqft | Salisbury Center | $ 144,900 $ 95/sqft |
| West Winfield | $ 230,497 $ 129/sqft | Thendara | $ -- $ -- |
| Cold Brook | $ 155,000 $ 106/sqft | Jordanville | $ -- $ -- |
| Frankfort | $ 214,250 $ 90/sqft | Van Hornesville | $ -- $ -- |
| Mohawk | $ 110,431 $ 80/sqft | Middleville | $ -- $ -- |
| Old Forge | $ 562,000 $ 337/sqft |
Housing Market Summary for Herkimer County, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $129.4K | $149.7K | 15.67% |
| Median Sold Price | $139.8K | $149.7K | 7.10% |
| Homes For Sale | 98 | 78 | -20.41% |
| Homes Sold | 452 | 350 | -22.57% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Herkimer County, NY
Browse Homes in Herkimer County, NY
Herkimer County, NY home values range from $19,782 to $3,793,857. Eagle Bay is the priciest city with a median listing home price of $1,500,000, and Ilion is most affordable with average house prices of around $89,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.80% of all residential properties in Herkimer County, NY with Ilion containing 36 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 17 cities within Herkimer County, NY; of those cities, the estimated home value for pre-foreclosure homes ranges from $264,970 in Cold Brook to the lowest home value of $31,500 in Herkimer.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Herkimer County, NY ranges from the highest value of $74,104 in Herkimer to the lowest value of $74,104 in Little Falls. Bank owned homes and properties account for 0.01% of properties in Herkimer County, NY. There are 17 cities within Herkimer County, NY; Little Falls containing 1 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsIlion has 3 auction properties, the highest number of properties going to auction in a single city in the state of Herkimer County, NY. Auction homes and other auction properties account for 0.02% of all properties in Herkimer County, NY. There are 17 cities within Herkimer County, NY; of those cities, the median estimated home value for homes going to auction ranges from $334,036 in Ilion to the lowest value of $70,752 in Ilion.
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Guide for Herkimer County, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
