How much did that sell for? Hornell area's top home, commercial property sales in 2023

Chris Potter, Hornell Evening Tribune
Updated ·4 min read

Higher mortgage rates and low inventory cooled a Hornell-area housing market that was red hot post-COVID a few years ago, but 2024’s outlook may improve upon 2023.

Amanda Swarts, of Howard Hanna Real Estate, said buyers have adjusted to the higher interest rates that marked 2023. The Hornell area continues to have strong interest from home-seekers, though available inventory remains low.

"We’re seeing houses sitting on the market longer and not going over asking as much around here," said Swarts. "Buyers are at least able to get into properties, but they’re also paying at a higher interest rate. I always say you marry the house and date the interest rate, because you can always turn around and refinance later."

Homes on Loon Lake and rural residences with acreage dominated 2023’s top home sales in communities surrounding the City of Hornell, through December’s latest available Steuben County real estate data.

The top-selling home in the City of Hornell was the brand new construction at 13 Preston Ave., built through a partnership between the city and BOCES. The lot was cleared following the 2019 fire that consumed much of the street, and the home was sold for $204,000 on Oct. 11.

This home at 13 Preston Ave. in the City of Hornell was built through a partnership between the city and BOCES. It sold for $204,000 on Oct. 11, 2023.
This home at 13 Preston Ave. in the City of Hornell was built through a partnership between the city and BOCES. It sold for $204,000 on Oct. 11, 2023.

Several homes in North Hornell and Hornellsville also sold for over $200,000 in 2023.

Swarts expects the market to heat up in 2024, especially if projections of falling rates prove accurate.

"I think a lot of people, first time home buyers especially, are saying we’re going to wait until interest rates drop in order to start looking at houses again," said Swarts. "I think that’s going to happen in 2024. The feds have already talked about dropping interest rates. It will be interesting to see how that affects it.

"Prices and competition are going to go up."

Homes weren’t the only thing on the market in 2023. A number of high-profile commercial properties, downtown buildings and manufacturing facilities in Hornell changed hands over the course of the year.

Top 10 Hornell area commercial property sales in 2023

12 Park Drive, Hornell: The Walgreens retail outlet on 1.71 acres was sold for over $5.6 million on April 3. The property was also sold in 2022 for over $5.4 million.

6270 Ice House Road, Hornell: Two facilities related to Gray Manufacturing Industries sold for $2 million on Jan. 6. The business was acquired by Irwin Transportation Products. The business sale was a separate transaction.

141 Seneca St., Hornell: The auto shop business and property, Seneca Street Oil, sold for $950,000 on Feb. 22.

The Walgreens retail outlet on 1.71 acres at 12 Park Dr. in Hornell sold for over $5.6 million on April 3. The property was also sold in 2022 for over $5.4 million.
The Walgreens retail outlet on 1.71 acres at 12 Park Dr. in Hornell sold for over $5.6 million on April 3. The property was also sold in 2022 for over $5.4 million.

5304 state Route 417, Woodhull: The Lamb & Webster dealership was sold to D&J Holdings of Arcade for $300,000 on July 28.

111 Seneca St., Hornell: The building at 111 Seneca, originally a McDonald’s and most recently a Planned Parenthood facility, was purchased for $280,000 on June 2. The building was torn down to make way for construction of a Tim Hortons.

6 Spruce St., Canisteo: The Brown & Powers Funeral Home was sold for $238,025 to Milestone Funeral Services on Oct. 30.

354 Canisteo St., Hornell: The Brown & Powers Funeral Home was sold for $228,278 to Milestone Funeral Services on Oct. 30.

The Canisteo Veterinary Hospital is now operating under the ownership of Ami, Ruel Maloco and Noell Maloco, who also own and operate Dansville Animal Hospital and Midtown Veterinary Hospital. Veterinarian Grant Seaman will continue seeing patients through 2024.
The Canisteo Veterinary Hospital is now operating under the ownership of Ami, Ruel Maloco and Noell Maloco, who also own and operate Dansville Animal Hospital and Midtown Veterinary Hospital. Veterinarian Grant Seaman will continue seeing patients through 2024.

58 Main St., Canisteo: The Canisteo Veterinary Hospital building was sold for $225,000 on Sept. 27.

64-68 Main St., Hornell: The commercial building was sold for $125,000 on April 5.

104-108 Loder St., Hornell: The building at the corner of Loder and Erie Avenue, which houses Pat’s Pizzeria, sold for $76,755 on Aug. 14.

Top 10 Hornell area home sales in 2023

10284 county Route 92, Wayland: Sold for $660,000 on Oct. 11.

65 East Lake Road, Wayland: Sold for $485,000 on Sept. 19.

2914 county Rt. 84, Troupsburg: Sold for $481,780 on Sept. 26, with 240.89 acres.

895 King Hill Road, Greenwood: Sold for $480,000 on March 30, with 35 acres.

9003 Akins Road, Cohocton: Sold for $425,000 on Sept. 22, with 37.8 acres.

TAR Enterprises acquired111 Seneca Street through Pyramid Brokerage in 2023. The building was torn down to pave the way for construction of a new Tim Hortons.
TAR Enterprises acquired111 Seneca Street through Pyramid Brokerage in 2023. The building was torn down to pave the way for construction of a new Tim Hortons.

34 East Lake Road, Wayland: Sold for $380,000 on Sept. 21.

8744 county Rt. 105, Avoca: Sold for $380,000 on Nov. 22, with 146.6 acres.

5771 Clark Road, Hartsville: Sold for $370,000 on Dec. 6, with 10 acres.

1014 Reynolds Road, Troupsburg: Sold for $350,000 on Jan. 6, with 86.75 acres.

4711 Pine Hill Road, Cohocton: Sold for $350,000 on Oct. 20, with 5.92 acres.

This article originally appeared on The Evening Tribune: Hornell area's top home, commercial property sales in 2023