Is South Glens Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Glens Falls has remained a Seller's Market.
Housing Prices in South Glens Falls, NY
How much do homes in South Glens Falls, NY cost?
Median Sold Price
$262,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Glens Falls was $262,000 in April 2024, up 6.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $218K | $230K | +5.5% |
3 Bedrooms | $260K | $285.2K | +9.7% |
4 Bedrooms | $229.5K | $270K | +17.6% |
5+ Bedrooms | $287.5K | $298.9K | +4.0% |
Summary: South Glens Falls 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 increased by 5.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Glens Falls | $211.9K | $230K | +8.5% |
South Glens Falls | $246.2K | $262K | +6.4% |
Moreau | $282.4K | $290K | +2.7% |
Housing Supply in South Glens Falls, NY
How many homes are available in South Glens Falls, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Summary: The South Glens Falls real estate market had 22 homes for sale in April 2024, a 10.0% 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 | 14 | 15 | +7.1% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Glens Falls 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 7.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in South Glens Falls in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for South Glens Falls, NY
How long does it take to sell a home in South Glens Falls, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 22 Days | -39.2% |
Summary: Homes in South Glens Falls had an average of 22 days on market in Apr 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in South Glens Falls; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.