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Featured local agent — Penfield, NY
Sarah Mitchell
Compass Real Estate · Penfield, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Penfield, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$477,500median sale price
How is the Penfield, NY housing market right now?
The median home sale price in Penfield, NY is $477,500, up 25.0% year-over-year. Homes sell in an average of 8 days with 28 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Penfield a buyer's or seller's market?
Penfield, NY is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
8
Fast-moving
Active listings
28
1.0 months supply
Sale-to-list
117.2%
Above asking
What does the Penfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $477,500 |
| Median list price | $349,900 |
| Year-over-year price change | +25.0% |
| Average days on market | 8 days |
| Active inventory | 28 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 117.2% |
| Median price per sq ft | $229/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 41 |
| Listings with a price cut | 3.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Penfield by property type?
How the Penfield, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $532,500 | $235/sq ft | 23 | 7 days |
| Condo / Co-op | $173,950 | $124/sq ft | 2 | 11 days |
| Townhouse | $280,000 | $199/sq ft | 3 | 8 days |
Source: Redfin · Updated monthly
The Penfield housing market is currently classified as a strong seller's market with a median sale price of $477,500. Prices have risen 25.0% compared to last year, with homes spending an average of 8 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Penfield
There are currently 28 homes listed for sale in Penfield, New York. The median listing price is $350K.
Active listings
28
Homes on market
Median list price
$350K
Avg. days on market
8
Days until sale
New this week
41
Newly listed
What are homes worth in Penfield?
Zillow home value
$412,724
Zillow rent index
$1,647/mo
Price-to-rent ratio
20.9x
Source: Zillow Research
Which public schools serve Penfield?
5 schools tracked · 4,072 students
The largest public schools serving Penfield, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PENFIELD SENIOR HIGH SCHOOL
Grades 9-12 · 1,398 students
BAY TRAIL MIDDLE SCHOOL
Grades 6-8 · 1,104 students
SCRIBNER ROAD ELEMENTARY SCHOOL
Grades K-5 · 565 students
COBBLES ELEMENTARY SCHOOL
Grades K-5 · 554 students
HARRIS HILL ELEMENTARY SCHOOL
Grades K-5 · 451 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Penfield, NY?
Want a head-to-head view? Compare Penfield side-by-side with any other U.S. city using our market-comparison tool.
Is Penfield a good real estate investment market?
For investors evaluating Penfield, the price-to-rent ratio of 20.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 25.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Penfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Penfield's median home price.
Frequently asked questions
What is the average home price in Penfield?
The median home sale price in Penfield is $477,500, up 25.0% from last year.
How long do homes stay on market in Penfield?
Homes typically spend 8 days on market before going under contract.
Is Penfield a buyer's or seller's market?
With 1.0 months of supply, Penfield is currently a strong seller's market.
What is the Zillow home value estimate for Penfield?
The Zillow Home Value Index (ZHVI) for Penfield is $412,724, representing the typical home value in the area.
What is the median condo price in Penfield?
The median condo/co-op sale price in Penfield, NY is $173,950, compared to $532,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Penfield?
The median single-family home price in Penfield, NY is $532,500 (about $235 per square foot).
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