Is New Paltz, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, New Paltz has remained a Buyer's Market.
Housing Prices in New Paltz, NY
How much do homes in New Paltz, NY cost?
Median Sold Price
$485,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Paltz was $485,000 in February 2024, up 1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206.4K | $335K | +62.3% |
2 Bedrooms | $399.2K | $300K | -24.9% |
3 Bedrooms | $440K | $467K | +6.1% |
4 Bedrooms | $650K | $552.5K | -15.0% |
5+ Bedrooms | $600K | $367.5K | -38.8% |
Summary: New Paltz housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.3%, 2 bedroom homes decreased by 24.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 38.8%.
Housing Supply in New Paltz, NY
How many homes are available in New Paltz, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Summary: The New Paltz real estate market had 27 homes for sale in February 2024, a 3.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The New Paltz 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 remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in New Paltz in February 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for New Paltz, NY
How long does it take to sell a home in New Paltz, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
23 Days | 136 Days | +474.6% |
Summary: Homes in New Paltz had an average of 136 days on market in Feb 2024, up by 474.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in New Paltz; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.