Is Glens Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Glens Falls has remained a Seller's Market.
Housing Prices in Glens Falls, NY
How much do homes in Glens Falls, NY cost?
Median Sold Price
$230,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Glens Falls was $230,000 in March 2024, up 9.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $115K | -32.0% |
2 Bedrooms | $185K | $177K | -4.3% |
3 Bedrooms | $217.7K | $237.5K | +9.1% |
4 Bedrooms | $205K | $224.7K | +9.6% |
5+ Bedrooms | $252.4K | $271.4K | +7.5% |
Summary: Glens Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
Glens Falls | $210K | $230K | +9.5% |
Queensbury | $340K | $365K | +7.4% |
South Glens Falls | $250K | $252.2K | +0.9% |
Moreau | $286K | $285K | -0.3% |
Housing Supply in Glens Falls, NY
How many homes are available in Glens Falls, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 27 | -25.0% |
Summary: The Glens Falls real estate market had 27 homes for sale in March 2024, a 25.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 16 | 10 | -37.5% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Glens Falls 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 decreased by 33.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Glens Falls in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Glens Falls, NY
How long does it take to sell a home in Glens Falls, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 35 Days | -40.3% |
Summary: Homes in Glens Falls had an average of 35 days on market in Mar 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Glens Falls; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.