Is Little Falls, 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, Little Falls was a Buyer's Market.
Key Takeaway
Little Falls 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 Little Falls, NY
How much do homes in Little Falls, NY cost?
Median Sold Price
$116,250
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Little Falls have sold for 24.4% less than they did a year ago.
Summary: The median home sold price in Little Falls was $116,250 in May 2024, down 24.4% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $74.2K | $117.5K | +58.2% |
| 3 Bedrooms | $153.7K | $110.9K | -27.8% |
| 4 Bedrooms | $212K | $109.7K | -48.2% |
| 5+ Bedrooms | $164.1K | $170.5K | +3.8% |
Summary: Little Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.2%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 48.2%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Manheim | $136.7K | $154.5K | +13.0% |
| Little Falls | $153.7K | $116.2K | -24.4% |
Housing Supply in Little Falls, NY
How many homes are available in Little Falls, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Little Falls real estate market had 26 homes for sale in May 2024, a 10.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Little Falls 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 decreased by 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Little Falls, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Little Falls in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Little Falls, NY
How long does it take to sell a home in Little Falls, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 27 Days | +100.0% |
Summary: Homes in Little Falls had an average of 27 days on market in May 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Little Falls are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Little Falls; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.