Phelps, NY Foreclosures
Current Market Conditions in in Phelps, NY As of April 2026?
Over the past month, Phelps has experienced a small uptick in home sales, reflecting a growing interest from potential buyers generally driven by favorable financing conditions. The average home price has seen a slight increase, indicating a competitive market, especially as buyers try to secure properties before the onset of winter. Realtors in the area report that homes priced well in desirable neighborhoods are selling quickly, while properties needing updates may linger longer on the market.
How much do homes sell for in Phelps, NY?
The average home price is currently $239,103.
In Phelps, NY, how many homes are available?
There are currently 1 active home listings available in Phelps.
What’s the average rental cost in Phelps, NY?
The average rental price in Phelps is $1,239.
What is the most expensive home in Phelps?
The most expensive home sold in Phelps had a price of $4,840,006.
What is currently the cheapest priced home in Phelps, NY?
The cheapest home for sale in Phelps is priced at $11,202.
Living in Phelps, NY
Phelps, NY, is a quaint village that offers a serene lifestyle surrounded by nature, making it perfect for those seeking a close-knit community. It features a mix of local businesses, parks, and recreational activities, with easy access to the stunning Finger Lakes region. Families will appreciate the educational opportunities and community events that promote a balanced living experience.
Buyer vs Seller Market in Phelps, NY
The real estate market in Phelps, NY, has shown steady growth over the past few years. With its charming atmosphere and access to the natural beauty of the Finger Lakes, demand for homes has increased, drawing families and retirees alike. The current market is characterized by a variety of housing options, from historic homes to new constructions, catering to diverse buyers.
As young professionals and families seek affordable housing outside major urban areas, Phelps has become increasingly attractive. This trend is coupled with an influx of buyers looking for summer homes or weekend getaways, further positively impacting property values and home sales in the region.
Home Value Estimator For Phelps, NY
There are currently 2,446 real estate properties
in Phelps, NY,
with a median automated valuation model (AVM) price
of $203,409.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Phelps, 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 Phelps, NY,
is $239,103.00, with the most expensive house
in Phelps, NY, topping out
at $4,840,006.00 and the cheapest home
in Phelps, NY,
clocking in at $11,202.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Phelps, NY!
Rent Prices
In Phelps, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Phelps, NY, is on
a rollercoaster ride. The
average rent price in Phelps, NY,
is $1,239.00. Indeed, when looking to rent in
Phelps, NY, you can expect to pay as little
as $740.00 or as much
as $2,010.00,
with the average rent median estimated to
be $1,230.00. The good news is that finding
an affordable and desirable property to rent in Phelps, 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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