Is South Wales, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Wales has remained a Seller's Market.
Housing Prices in South Wales, NY
How much do homes in South Wales, NY cost?
Median Sold Price
$475,000
$226/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in South Wales was $475,000 in May 2024, down 9.5% from last month, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $310K | N/A |
3 Bedrooms | $475K | $685K | +44.2% |
4 Bedrooms | $575K | $345K | -40.0% |
5+ Bedrooms | - | $489K | N/A |
Summary: South Wales housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 44.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
South Wales | $525K | $475K | -9.5% |
Wales | $575K | $475K | -17.4% |
Housing Supply in South Wales, NY
How many homes are available in South Wales, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The South Wales real estate market had 11 homes for sale in May 2024, a 10.0% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Wales 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in South Wales in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for South Wales, NY
How long does it take to sell a home in South Wales, NY?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
204 Days | 13 Days | -93.5% |
Summary: Homes in South Wales had an average of 13 days on market in May 2024, down by 93.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in South Wales; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.