Is Gloversville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gloversville has remained a Seller's Market.
Key Takeaway
Gloversville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gloversville, NY
How much do homes in Gloversville, NY cost?
Median Sold Price
$133,166
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gloversville have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Gloversville was $133,166 in May 2024, up 6.5% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $135K | +80.0% |
| 2 Bedrooms | $109.5K | $130K | +18.7% |
| 3 Bedrooms | $144K | $146K | +1.4% |
| 4 Bedrooms | $102.9K | $130K | +26.3% |
| 5+ Bedrooms | $95K | $95K | 0.0% |
Summary: Gloversville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes did not change.
Housing Supply in Gloversville, NY
How many homes are available in Gloversville, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 84 | -10.6% |
Summary: The Gloversville real estate market had 84 homes for sale in May 2024, a 10.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 7 | -46.2% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 31 | 22 | -29.0% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Gloversville 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 decreased by 46.2%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gloversville, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Gloversville in May 2024, down by 17.4% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Gloversville, NY
How long does it take to sell a home in Gloversville, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 98 Days | +208.4% |
Summary: Homes in Gloversville had an average of 98 days on market in May 2024, up by 208.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gloversville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Gloversville; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% 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. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.