Is Great Valley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Great Valley has remained a Buyer's Market.
Key Takeaway
Great Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Great Valley, NY
How much do homes in Great Valley, NY cost?
Median Sold Price
$225,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Great Valley have sold for 9.6% less than they did a year ago.
Summary: The median home sold price in Great Valley was $225,000 in May 2024, down 9.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52K | $186.5K | +258.7% |
| 2 Bedrooms | $210.5K | $215K | +2.1% |
| 3 Bedrooms | $276.5K | $265K | -4.2% |
| 4 Bedrooms | $232.5K | $367K | +57.8% |
| 5+ Bedrooms | - | $250K | N/A |
Summary: Great Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 258.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 57.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Salamanca | $90.4K | $92.5K | +2.3% |
| Great Valley | $249K | $225K | -9.6% |
Housing Supply in Great Valley, NY
How many homes are available in Great Valley, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Great Valley real estate market had 12 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Great Valley 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Great Valley, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Great Valley in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Great Valley, NY
How long does it take to sell a home in Great Valley, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 107 Days | 13 Days | -87.9% |
Summary: Homes in Great Valley had an average of 13 days on market in May 2024, down by 87.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Great Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Great Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
