Is Penfield a buyer's or seller's market right now?

Penfield is currently a seller's market with 1.8 months of supply. 62.5% of homes sell above asking price, and 92.3% go pending within two weeks. The Ridley Sell Score for Penfield is 72/100 (Strong), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Penfield?

The median home price in Penfield is $367,500, up 2.1% year-over-year. The median price per square foot is $218. Homes sell in a median of 8 days with a sale-to-list ratio of 108.9%.

How much does it cost to sell a home in Penfield, New York?

On a $367,500 home in Penfield, a traditional listing agent charges around $11,025 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $29,400 or more. With Ridley Essentials ($999) you save $10,026, and with Ridley Pro ($3,499) you save $7,526 while getting full agent support.

How does Ridley's flat fee compare to a traditional Penfield agent?

A traditional Penfield listing agent typically charges 3% of the sale price — about $11,025 on a $367,500 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $10,026–$7,526 compared to a traditional agent.

How long does it take to sell a home in Penfield?

The median home in Penfield currently spends 8 days on the market before going under contract. 92.3% of homes go pending within two weeks. At a 108.9% sale-to-list ratio, sellers are getting very close to or above asking price.

Do I need a real estate agent to sell in New York?

No. New York does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $367,500 home, that could save you up to $7,526.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New York. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $11,025 commission.

National/New York

Penfield, NY

Is Now a Good Time to Sell in Penfield, New York?

The median home in Penfield sells for $367,500 with prices up 2.1% year-over-year. The average seller pays $11,025 in commissions — Ridley’s flat fee saves you $7,526.

Penfield Real Estate Market Conditions — April 2026

72out of 100

Ridley Sell Score

How it's scored →

Strong

72/100

Conditions strongly favor sellers — high demand and fast sales.

What this means for sellers

Conditions in Penfield favor sellers right now. Demand is outpacing supply, and well-priced homes should attract strong interest. Sellers who list now are positioned to sell quickly and close at or above asking price.

Inventory TightnessFavors sellers

1.8 months of supply — well below the 5-month balanced threshold — 25% below the New York average of 2.4.

Price MomentumNeutral

Prices up 2.1% year-over-year — vs. +16.2% statewide.

Seller LeverageFavors sellers

Homes selling at 108.9% of asking — sellers are getting 8.9% above list on average. New York average is 98.4%.

Bidding ActivityFavors sellers

62.5% of homes selling above list price — 84% above the New York average of 33.9%.

Sale SpeedFavors sellers

8 median days on market — 68 days faster than the New York average.

Market UrgencyFavors sellers

92.3% of listings go pending within 2 weeks — vs. 16.2% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. New York average is 13.1%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$367,500

+2.1%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$218

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

108.9%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

1.8

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Very Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

62.5%

Strong demand

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

92.3%

Fast-moving

12-Month Price Trend

$325,000 → $367,500

▲13.1%

$400K$380K$360K$340K$320K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Penfield — delivered monthly.

Your savings

How much can you save selling your home in Penfield?

The average Penfield homeowner saves $7,526 by selling with Ridley instead of paying the traditional 3% listing commission on a $367,500 home.

$0Estimated savings

That's 6 months of groceries — save 2.0% of your home value

Your Penfield home value

$367,500

$50,000$10M

Traditional Agent (3%)

$11,025

Ridley Pro (flat fee)

$3,499

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Cost comparison

How much does it cost to sell a house in Penfield?

The total cost to sell a house in Penfield in 2026 ranges from $999 with Ridley Essentials to approximately $11,025 with a traditional 3% commission on a $367,500 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$11,025	$3,499	$999	$0
Buyer agent	$10,2902.8% avg	$7,350~2% avg	$7,350~2% avg	$10,2902.8% avg
Closing costs (~1.5%)	$5,513	$5,513	$5,513	$5,513
Total cost	$26,828	$16,362	$13,862	$15,803
Net proceeds	$340,672	$351,138	$353,638	$351,697
You save	—	$10,466	$12,966	$11,025No support