Hornell-area home prices rise 7.1% in May, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read

A typical Steuben County home listed for $187,400 in May, up 7.1% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in May was down about 6.1% from May 2021. Steuben County's median home was 1,868 square feet for a listed price of $108 per square foot.

The Steuben County market was busy, with a median 38 days on market. A month earlier, homes had a median 44 days on market. The market added 96 new home listings in May, compared with the 112 added in May 2021. The market ended the month with some 123 listings of homes for sale.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

Allegany County home prices drop 2.7% to $179,900

Allegany County's home prices fell 2.7%, to a median $179,900, from a month earlier. The typical house was on the market for 43 days, from 39 days a month earlier. The typical 1,552-square-foot house had a list price of $107 per square foot.

Across all of New York, median home prices were $699,000, similar to the previous month. The median New York home for sale had 1,528 square feet at list price of $464 per square foot.

Across the United States, median home prices were $446,950, up 5.2% from a month earlier. The median American home for sale had 1,861 square feet, listed at $226 per square foot.

Database: New York Real Estate Market Report

Home prices: Hornell-area home prices rise 3% in April, with houses for sale in high demand

Home sales: How hot is the real estate market near Hornell? Home prices rise over $124K

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on The Evening Tribune: Hornell-area homes for sale rise to $187,400 median price