Is Fallsburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fallsburg was a Seller's Market.
Housing Prices in Fallsburg, NY
How much do homes in Fallsburg, NY cost?
Median Sold Price
$242,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fallsburg was $242,500 in March 2024, up 10% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.5K | $115K | +84.0% |
2 Bedrooms | $149.9K | $186K | +24.0% |
3 Bedrooms | $224.2K | $250K | +11.5% |
4 Bedrooms | $269K | $267.5K | -0.6% |
5+ Bedrooms | $375K | $370K | -1.3% |
Summary: Fallsburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
Kiamesha Lake | $137.2K | $175K | +27.5% |
Fallsburg | $220.5K | $242.5K | +10.0% |
Housing Supply in Fallsburg, NY
How many homes are available in Fallsburg, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 48 | +20.0% |
Summary: The Fallsburg real estate market had 48 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Fallsburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fallsburg in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 157 Days | +90.2% |
Summary: Homes in Fallsburg had an average of 157 days on market in Mar 2024, up by 90.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Fallsburg; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.