Is Fort Plain, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Plain is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, Fort Plain has remained a Buyer's Market.

Key Takeaway

Fort Plain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fort Plain, NY

How much do homes in Fort Plain, NY cost?

Median Sold Price

$135,000

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$7,000(-4.9%)

Key Takeaway

Homes in Fort Plain have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Fort Plain was $135,000 in May 2024, down 4.9% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $50K$147.5K
+195.0%
3 $149.9K$129K
-13.9%
4 $136.9K$135K
-1.4%
5+ $105K$137.7K
+31.2%

Summary: Fort Plain 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 195%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 31.2%.

Median Sold Price Compared To Nearby Cities

Minden
+4.5%
Fort Plain
-4.9%

Housing Supply in Fort Plain, NY

How many homes are available in Fort Plain, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1416+14.3%

Summary: The Fort Plain real estate market had 16 homes for sale in May 2024, a 14.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 107
-30.0%
4 13
+200.0%
5+ 22
0.0%

Summary: The Fort Plain 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 300%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Plain, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Fort Plain in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Fort Plain, NY

How long does it take to sell a home in Fort Plain, NY?

Average Sale Time

May 2023May 2024CHANGE
42 Days166 Days+295.2%

Summary: Homes in Fort Plain had an average of 166 days on market in May 2024, up by 295.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Fort Plain are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 2 homes were sold in Fort Plain; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Fort Plain, NY

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