Prospect, NY Foreclosures
How much do homes sell for in Prospect, NY?
The average home price is currently $148,057.
In Prospect, NY, how many homes are available?
There are currently 350 active home listings available in Prospect.
What’s the average rental cost in Prospect, NY?
The average rental price in Prospect is $1,246.
What is the most expensive home in Prospect?
The most expensive home sold in Prospect had a price of $418,257.
What is currently the cheapest priced home in Prospect, NY?
The cheapest home for sale in Prospect is priced at $47,960.
Living in Prospect, NY
Prospect, NY is a quaint town rich in natural beauty and community spirit. With its proximity to the Adirondack Mountains, outdoor activities abound, catering to nature lovers and families. The local amenities and schools provide an ideal environment for raising children or settling down in a peaceful setting.
Current Market Conditions in Prospect, NY
The real estate market in Prospect, NY is currently experiencing a stable upward trend as demand for homes in serene, rural settings increases. Properties are receiving considerable interest, especially amongst those looking to escape urban lifestyles for a more relaxed atmosphere. Home values have seen a moderate rise due to a combination of increased inventory and competitive buyers looking for larger homes with attractive outdoor spaces.
There is a noticeable increase in buyers who prioritize properties with large yards or proximity to natural features like lakes and mountains. This trend is encouraging developers to consider new projects in the area, thus enhancing the local economy and offering more amenities to future residents.
Home Value Estimator For Prospect, NY
There are currently 187 real estate properties
in Prospect, NY,
with a median automated valuation model (AVM) price
of $144,100.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Prospect, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Prospect, NY,
is $148,057.00, with the most expensive house
in Prospect, NY, topping out
at $418,257.00 and the cheapest home
in Prospect, NY,
clocking in at $47,960.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Prospect, NY!
Rent Prices
In Prospect, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Prospect, NY, is on
a rollercoaster ride. The
average rent price in Prospect, NY,
is $1,246.00. Indeed, when looking to rent in
Prospect, NY, you can expect to pay as little
as $1,070.00 or as much
as $1,680.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Prospect, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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