Is Fallsburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fallsburg was a Seller's Market.
Key Takeaway
Fallsburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fallsburg, NY
How much do homes in Fallsburg, NY cost?
Median Sold Price
$250,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fallsburg have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Fallsburg was $250,000 in May 2024, up 15.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $115K | +53.3% |
| 2 Bedrooms | $150K | $200K | +33.3% |
| 3 Bedrooms | $225K | $250K | +11.1% |
| 4 Bedrooms | $252K | $285K | +13.1% |
| 5+ Bedrooms | $350K | $340K | -2.9% |
Summary: Fallsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Woodridge | $180K | $238.5K | +32.5% |
| Fallsburg | $217K | $250K | +15.2% |
| South Fallsburg | $240K | $236K | -1.7% |
| Hurleyville | $220K | $200K | -9.1% |
Housing Supply in Fallsburg, NY
How many homes are available in Fallsburg, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 63 | +21.2% |
Summary: The Fallsburg real estate market had 63 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Fallsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fallsburg, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fallsburg in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Fallsburg, NY
How long does it take to sell a home in Fallsburg, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 130 Days | 59 Days | -54.5% |
Summary: Homes in Fallsburg had an average of 59 days on market in May 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fallsburg has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Fallsburg; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.