#R1610426, Jan V. Corning, Listing Office: Howard Hanna Lake Group
Penn Yan Housing Market Report May 2025•Yates County, New York
Housing Prices in Penn Yan, NY
How much do homes in Penn Yan, NY cost?
Housing Market Conditions
Is Penn Yan, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Penn Yan is a Seller's Market
Difference Since May 2024
At the same time last year, Penn Yan was a Neutral Market.
Penn Yan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Penn Yan have sold for 25.7% more than they did a year ago.
Summary: The median home sold price in Penn Yan was $299,900 in May 2025, up 25.7% from last year, and the median price per square foot was $189.
Median Sold Price By Cities
City | May 2024 | May 2025 | Change YoY |
---|---|---|---|
Benton | $187K | $272.4K | +45.7% |
Penn Yan | $238.5K | $299.9K | +25.7% |
Milo | $212K | $235K | +10.8% |
Median Sold Price By Bedrooms
Beds | May 2024 | May 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $161.9K | $180K | +11.1% |
22 Bedrooms | $180K | $280K | +55.6% |
33 Bedrooms | $238.5K | $315K | +32.1% |
44 Bedrooms | $303.2K | $265K | -12.6% |
55+ Bedrooms | $350K | $298.5K | -14.7% |
Summary: Penn Yan housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +11.1%. The home price for 2 bedroom homes increased by +55.6%. The home price for 3 bedroom homes increased by +32.1%. The home price for 4 bedroom homes decreased by -12.6%. The home price for 5 bedroom homes decreased by -14.7%.
How does Penn Yan, NY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Penn Yan, NY
Housing supply in Penn Yan, NY
How many homes are available in Penn Yan, NY?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
41Last MonthMay 2025 | ||
412 months agoApr 2025 | 0.0 % Change MoMApr – May |
Summary: The Penn Yan real estate market had 41 homes for sale in May 2025, the same as Apr 2025
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
8Last MonthMay 2025 | ||
82 months agoApr 2025 | 0.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 15 | 16 | +6.7% |
33 Bedrooms | 19 | 16 | -15.8% |
44 Bedrooms | 4 | 4 | 0.0% |
55+ Bedrooms | 2 | 4 | +100.0% |
Summary: Penn Yan housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +6.7%. The inventory for 3 bedroom homes decreased by -15.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in Penn Yan, NY cost?
Over Asking Price2 Homes
At Asking Price1 Home
Under Asking Price5 Homes
If you're buying a home in Penn Yan, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Penn Yan in May 2025, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and and 25% were sold over asking.
Days on Market for Penn Yan, NY
How long does it take to sell a home in Penn Yan, NY?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days1 Home
Over 90 Days2 Homes
Many homes in Penn Yan are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 8 homes were sold in Penn Yan; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
59 DaysThis YearMay 2025 | ||
12 Days1 year agoMay 2024 | +373.2 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Penn Yan had an average listing age of 59 days in May 2025, up by 373.2% compared to the previous year.
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Newest Listings in Penn Yan, NY
What homes are available in Penn Yan, NY?
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MLS Disclaimers and Copyright
Based on information from New York State Alliance of MLS, for the period 06/01/2023 - 06/01/2025

harmless.
© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/2/2025, 8:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.