Is Margaretville, 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, Margaretville was a Buyer's Market.
Key Takeaway
Margaretville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Margaretville, NY
How much do homes in Margaretville, NY cost?
Median Sold Price
$315,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Margaretville have sold for 18.2% less than they did a year ago.
Summary: The median home sold price in Margaretville was $315,000 in April 2024, down 18.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $175K | -24.2% |
| 2 Bedrooms | $215K | $325K | +51.2% |
| 3 Bedrooms | $355K | $350K | -1.4% |
| 4 Bedrooms | $427K | $325K | -23.9% |
| 5+ Bedrooms | $920K | $275K | -70.1% |
Summary: Margaretville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 51.2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes decreased by 70.1%.
Median Sold Price Compared To Nearby Cities
| Middletown | $324.8K | $370K | +13.9% |
| Margaretville | $385K | $315K | -18.2% |
Housing Supply in Margaretville, NY
How many homes are available in Margaretville, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Margaretville real estate market had 9 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Margaretville 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Margaretville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Margaretville in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Margaretville, NY
How long does it take to sell a home in Margaretville, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 88 Days | 89 Days | +1.1% |
Summary: Homes in Margaretville had an average of 89 days on market in Apr 2024, up by 1.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Margaretville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Margaretville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
