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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Scotland is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, New Scotland has remained a Seller's Market.

Key Takeaway

New Scotland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Scotland, NY

How much do homes in New Scotland, NY cost?

Median Sold Price

$360,000

$214/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in New Scotland has remained the same since last year.

Summary: The median home sold price in New Scotland was $360,000 in November 2024, the same as last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $144.7K$55.1K
-61.9%
2 $230K$235K
+2.2%
3 $337.5K$354K
+4.9%
4 $456K$397.5K
-12.8%
5+ $377.5K$372.5K
-1.3%

Summary: New Scotland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Cities

Slingerlands
+22.4%
Delmar
+8.6%
New Scotland
0.0%
Voorheesville
-2.6%

Housing Supply in New Scotland, NY

How many homes are available in New Scotland, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2623-11.5%

Summary: The New Scotland real estate market had 23 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 53
-40.0%
3 88
0.0%
4 97
-22.2%
5+ 44
0.0%

Summary: The New Scotland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in New Scotland in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for New Scotland, NY

How long does it take to sell a home in New Scotland, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
6 Days20 Days+222.6%

Summary: Homes in New Scotland had an average of 20 days on market in Nov 2024, up by 222.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Scotland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in New Scotland; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 9 Days Ago

Newest Listings in New Scotland, NY

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