Property values in Steuben County witness an increase in May.
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With a dedicated staff reporting team, FingerLakes1.com keeps residents and visitors informed about a wide range of topics, including local news, sports, and business. One such area of interest is the real estate market in Steuben County.
Recent data shows that Steuben County homes are more affordable than both statewide and national averages. The median price per square foot in Steuben County stands at $121, significantly lower than the statewide average of $435 and the national average of $234.
In May 2025, the median price of home listings in Steuben County was $229,900, marking a 4.6% increase from the previous month. This increase can be attributed to various factors, such as seasonal and local market conditions, inventory and supply changes, economic and interest rate shifts, and data base or reporting differences.
Interestingly, despite the initial rise in prices, home prices in Steuben County decreased by 7% compared to May 2024. This fluctuation could be due to weakening demand, increased inventory, or economic tightening. For a more precise understanding of these changes, detailed market reports from Steuben County’s real estate authorities or local economic analyses would be necessary.
Homes in Steuben County spent an average of 66 days on the market in May 2025, faster than the 71-day pace in April.
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- As Steuben County's housing market remains affordable compared to state and national averages, savvy investors might find opportunities for profit in the real-estate sector.
- With fluctuations in the housing market showing signs of economic tightening, it would be wise for potential homebuyers to closely monitor finance trends and factors affecting the Steuben County real estate market before making any investments.
