Panama, NY Foreclosures
How much do homes sell for in Panama, NY?
The average home price is currently $193,376.
In Panama, NY, how many homes are available?
There are currently 77 active home listings available in Panama.
What’s the average rental cost in Panama, NY?
The average rental price in Panama is $1,190.
What is the most expensive home in Panama?
The most expensive home sold in Panama had a price of $946,988.
What is currently the cheapest priced home in Panama, NY?
The cheapest home for sale in Panama is priced at $11,259.
Living in Panama, NY
Panama, a charming small village in Chautauqua County, New York, is known for its peaceful rural lifestyle and close-knit community. Residents enjoy easy access to outdoor activities, vibrant local culture, and a welcoming atmosphere. With its close proximity to larger towns, Panama provides both tranquility and convenience for its inhabitants.
Current Market Conditions in Panama, NY
The Panama real estate market has been stable over the past several months, with a moderate increase in property values. The village remains an attractive option for first-time homebuyers and families looking for a quieter lifestyle. Demand for homes has seen a gentle uptick as people seek rural settings, leading to an increase in average sale prices. Current listings show a good variety of homes, from quaint historical properties to modern builds.
Recent trends indicate that buyers are interested in properties that offer outdoor space and access to nature, driving interest in Panama's scenic homes. With the market experiencing gradual growth, sellers are starting to leverage their positions, resulting in quicker sales and competitive bids.
Home Value Estimator For Panama, NY
There are currently 762 real estate properties
in Panama, NY,
with a median automated valuation model (AVM) price
of $174,286.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Panama, 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 Panama, NY,
is $193,376.00, with the most expensive house
in Panama, NY, topping out
at $946,988.00 and the cheapest home
in Panama, NY,
clocking in at $11,259.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Panama, NY!
Rent Prices
In Panama, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Panama, NY, is on
a rollercoaster ride. The
average rent price in Panama, NY,
is $1,190.00. Indeed, when looking to rent in
Panama, NY, you can expect to pay as little
as $670.00 or as much
as $1,830.00,
with the average rent median estimated to
be $1,200.00. The good news is that finding
an affordable and desirable property to rent in Panama, 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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