Is Malta, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Malta was a Buyer's Market.
Housing Prices in Malta, NY
How much do homes in Malta, NY cost?
Median Sold Price
$425,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Malta was $425,000 in April 2024, up 16.4% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | - | N/A |
2 Bedrooms | $272.5K | $260K | -4.6% |
3 Bedrooms | $377.5K | $435K | +15.2% |
4 Bedrooms | $406K | $515K | +26.8% |
5+ Bedrooms | $435.7K | $452.5K | +3.8% |
Summary: Malta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Malta | $365K | $425K | +16.4% |
Saratoga Springs | $509.1K | $588.3K | +15.6% |
Saratoga | $282.5K | $325K | +15.0% |
Ballston Lake | $410K | $446K | +8.8% |
Housing Supply in Malta, NY
How many homes are available in Malta, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 46 | -11.5% |
Summary: The Malta real estate market had 46 homes for sale in April 2024, a 11.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 6 | -40.0% |
3 Bedrooms | 30 | 23 | -23.3% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Malta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Malta in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Malta, NY
How long does it take to sell a home in Malta, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 32 Days | +337.3% |
Summary: Homes in Malta had an average of 32 days on market in Apr 2024, up by 337.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Malta; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.