Is New Paltz, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Paltz is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, New Paltz has remained a Buyer's Market.

Key Takeaway

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

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

+$5,000(+1.0%)

Key Takeaway

Homes in New Paltz have sold for 1% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $206.4K$335K
+62.3%
2 $399.2K$300K
-24.9%
3 $440K$467K
+6.1%
4 $650K$552.5K
-15.0%
5+ $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 2024Feb 2024CHANGE
2827-3.6%

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

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 1411
-21.4%
4 1011
+10.0%
5+ 33
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 2024Feb 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Paltz, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
23 Days136 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in New Paltz are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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