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Foreclosure Homes in Penn Yan, NY

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Penn Yan, NY Foreclosures

How much do homes sell for in Penn Yan, NY?
The average home price is currently $419,515.
In Penn Yan, NY, how many homes are available?
There are currently 7 active home listings available in Penn Yan.
What’s the average rental cost in Penn Yan, NY?
The average rental price in Penn Yan is $1,395.
What is the most expensive home in Penn Yan?
The most expensive home sold in Penn Yan had a price of $9,425,700.
What is currently the cheapest priced home in Penn Yan, NY?
The cheapest home for sale in Penn Yan is priced at $10,868.

Living in Penn Yan, NY

Penn Yan, NY is a charming village nestled in the scenic Finger Lakes region. Known for its beautiful lakes and vibrant community, Penn Yan offers a peaceful lifestyle with access to outdoor activities and local amenities. The area's rich agricultural heritage is reflected in its wineries and farmers' markets, making it an inviting place for residents and visitors alike.

Current Market Conditions in Penn Yan, NY

The Penn Yan real estate market is currently experiencing a steady demand for homes, fueled by the area's appeal as a tourist destination and an attractive place to live. Homes in this region are often sought after for their proximity to the lake and the overall natural beauty of the area, making it competitive for buyers.

Recent trends indicate a slight increase in property values as more buyers from urban areas seek the tranquility of rural living, leading to a decrease in available inventory. This makes it a favorable time for sellers looking to list their properties.

Home Value Estimator For Penn Yan, NY

There are currently 5,977 real estate properties in Penn Yan, NY, with a median automated valuation model (AVM) price of $263,708.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Penn Yan, 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 Penn Yan, NY, is $419,515.00, with the most expensive house in Penn Yan, NY, topping out at $9,425,700.00 and the cheapest home in Penn Yan, NY, clocking in at $10,868.00. In other words, there’s something for every potential homebuyer or savvy investor in Penn Yan, NY!

Rent Prices In Penn Yan, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Penn Yan, NY, is on a rollercoaster ride. The average rent price in Penn Yan, NY, is $1,395.00. Indeed, when looking to rent in Penn Yan, NY, you can expect to pay as little as $830.00 or as much as $2,960.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Penn Yan, 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.

Penn Yan, NY Foreclosures

Market Trend for Penn Yan, NY

Total Listings Available: 7

Market Values:

Home Prices from $10,868 to $9,425,700

Average Sales Price: $419,515

Rental Values:

Rental from $830 to $2,960

Average Rent Value: $1,395 / month

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