Batavia Real Estate Market Trends
The Batavia real estate market is constantly changing. Many factors influence it including the national and local economy, world events,
buyer perception and a host of other variables. Keeping track of local market conditions is important for several reasons:
Your home is your primary asset and real estate has historically appreciated over time. Understanding how much your home is
appreciating is useful in determining your equity position. If you are planning a move sometime in the near future, understanding
seasonal and long-term market fluctuations will allow you to better plan your move and know what to expect while your home
is on the market. Market condition reports are run monthly and contain information on the previous month's sales data. If you have
any questions or would like a custom market report, please contact me.
December Market Conditions
Detached Style Single-Family Homes
The median price of homes on the market in Batavia has remained flat most of the fall. It currently sits at $365,900 - just $900 up
from its September value of $365,000. However, the average sales price of homes sold this fall has leaped around dramatically. It currently
sits are $359,000 - the third highest median attained in the past 2 years. The number of units on the market continued to drop during the month of December,
from 208 units to 183. However, during that time, the number of homes sold fell slightly from 18 to 15 - an average of 8.2% sold. The drop in number
of units sold contributed to an overall rise in inventory from 9.2 months to 10.2 months in December.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
Attached Style Single-Family Homes
The median price of homes on the market in Batavia stayed steady in December remaining at $282,450. However, the median sales
price dropped sharply from $260,000 to $176,935 - a 32% drop and a 2-year low. During the month of December, the number of units
on the market dropped slightly from 42 to 40, however, the number of units sold also dropped from 6 to 2. This figure might
contribute to some skewed statistics - with not many homes selling, there isn't enough data to even out the extremes. Not surprising, inventory
also posted an extreme increase - up to 17.5 months - the second-highest figure over the past two years.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
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