Is La Grange, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Grange is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, La Grange was a Neutral Market.

Key Takeaway

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

Housing Prices in La Grange, NY

How much do homes in La Grange, NY cost?

Median Sold Price

$435,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$6,750(+1.6%)

Key Takeaway

Homes in La Grange have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in La Grange was $435,000 in February 2024, up 1.6% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $202.7K$228K
+12.4%
2 $320K$325K
+1.6%
3 $392.5K$415K
+5.7%
4 $506.1K$521K
+2.9%
5+ $510K$415K
-18.6%

Summary: La Grange housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 18.6%.

Median Sold Price Compared To Nearby Cities

Hopewell Junction
+14.9%
Lagrangeville
+4.1%
La Grange
+1.6%
Pleasant Valley
-3.6%

Housing Supply in La Grange, NY

How many homes are available in La Grange, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6268+9.7%

Summary: The La Grange real estate market had 68 homes for sale in February 2024, a 9.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 2425
+4.2%
4 2630
+15.4%
5+ 98
-11.1%

Summary: The La Grange housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in La Grange in February 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for La Grange, NY

How long does it take to sell a home in La Grange, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
95 Days59 Days-38.1%

Summary: Homes in La Grange had an average of 59 days on market in Feb 2024, down by 38.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in La Grange has remained consistent over time.

Summary: During February 2024, 8 homes were sold in La Grange; 0% of homes were sold within 30 days, 88% of homes were sold within 30 to 90 days, and 13% 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 3 Days Ago

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