Is Burnt Hills, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Burnt Hills has remained a Seller's Market.
Key Takeaway
Burnt Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burnt Hills, NY
How much do homes in Burnt Hills, NY cost?
Median Sold Price
$352,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Burnt Hills have sold for 14% less than they did a year ago.
Summary: The median home sold price in Burnt Hills was $352,500 in April 2024, down 14% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $375K | +29.3% |
| 3 Bedrooms | $350K | $350K | 0.0% |
| 4 Bedrooms | $462.8K | $350K | -24.4% |
| 5+ Bedrooms | $415K | $450K | +8.4% |
Summary: Burnt Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Ballston Lake | $410K | $446K | +8.8% |
| Glenville | $255K | $275K | +7.8% |
| Charlton | $340K | $359.9K | +5.9% |
| Ballston | $425.4K | $382.5K | -10.1% |
| Burnt Hills | $410K | $352.5K | -14.0% |
Housing Supply in Burnt Hills, NY
How many homes are available in Burnt Hills, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Burnt Hills real estate market had 4 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Burnt Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 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 Burnt Hills, 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 Burnt Hills in April 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 Burnt Hills, NY
How long does it take to sell a home in Burnt Hills, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 14 Days | +42.9% |
Summary: Homes in Burnt Hills had an average of 14 days on market in Apr 2024, up by 42.9% 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 Burnt Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Burnt Hills; 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.
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.