Is Galen, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Galen was a Buyer's Market.
Housing Prices in Galen, NY
How much do homes in Galen, NY cost?
Median Sold Price
$95,000
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Galen was $95,000 in February 2024, up 11.1% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | $127.5K | +410.0% |
2 Bedrooms | $76K | $95K | +25.0% |
3 Bedrooms | $93.8K | $67.9K | -27.7% |
4 Bedrooms | $97K | $123.5K | +27.3% |
5+ Bedrooms | $115K | $83.7K | -27.2% |
Summary: Galen housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 410%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 27.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 27.2%.
Median Sold Price Compared To Nearby Cities
Clyde | $84K | $95K | +13.1% |
Galen | $85.5K | $95K | +11.1% |
Housing Supply in Galen, NY
How many homes are available in Galen, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Summary: The Galen real estate market had 10 homes for sale in February 2024, a 66.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Galen housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Galen in February 2024, the same as the previous 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 Galen, NY
How long does it take to sell a home in Galen, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 47 Days | +691.7% |
Summary: Homes in Galen had an average of 47 days on market in Feb 2024, up by 691.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Galen; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.