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.
Key Takeaway
Glens Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Glens Falls have sold for 9.5% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Glens Falls, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Glens Falls are selling fast, if you're buying plan to act quickly.
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.
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.