Skaneateles appreciation rates and housing market information

Skaneateles housing market information

With 2,674 people, 1,192 houses or apartments, and a median cost of homes of $298,254, Skaneateles real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Skaneateles, accounting for 67.95% of the village's housing units. Other types of housing that are prevalent in Skaneateles include duplexes, homes converted to apartments, or other small apartment buildings (18.54%), and a few large apartment complexes or high rise apartments (13.51%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Skaneateles. Owner-occupied housing accounts for 64.43% of Skaneateles's homes, and 55.45% have either three or four bedrooms, which is average sized relative to America.

The housing in Skaneateles was primarily built before 1939 (53.10%), making the housing stock in Skaneateles some of the older overall in America, although there is a range of ages of homes in Skaneateles. The next most important Skaneateles housing age is 1940-1969 (29.87%), followed by 1970-1994 (15.94%). There's also some housing in Skaneateles built between 1995 and later (1.09%).

Skaneateles home appreciation rates

Appreciation rates for homes in Skaneateles have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.97%, which ranks in the top 40% nationwide. This equates to an annual average Skaneateles house appreciation rate of 8.69%.

Appreciation rates are so strong in Skaneateles that despite a nationwide downturn in the housing market, Skaneateles real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Skaneateles appreciation rates continue to be some of the highest in America, at 4.11%, which is higher than appreciation rates in 84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Skaneateles. Skaneateles appreciation rates in the latest quarter were at 1.46%, which equates to an annual appreciation rate of 5.84%.

Relative to New York, our data show that Skaneateles's latest annual appreciation rate is higher than 86% of the other cities and towns in New York.