Is Penn Yan, NY 14527 a buyer’s or seller’s market?

The Penn Yan housing market right now

In the three months ending August 31, 2026, 42% of homes in Penn Yan, NY 14527 sold above their list price, the typical home went under contract in 17 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 25 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 39%, homes sold more slowly (13 days then) and the median sale price fell 16% to $339,853. Overall, Penn Yan is about as competitive as it was a year ago.

Within Yates County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Penn Yan ranks #309 of 649 NY ZIP codes with enough sales (score 77 out of 100).

Nearby, buyers who want less competition could look at Dresden 14441 (0% sold over asking) or Dundee 14837 (17% sold over asking), while Keuka Park 14478 (83% sold over asking) and Middlesex 14507 (75% sold over asking) are even more competitive.