Is The Valley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, The Valley was a Neutral Market.
Key Takeaway
The Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Valley, NY
How much do homes in The Valley, NY cost?
Median Sold Price
$150,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in The Valley have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in The Valley was $150,000 in March 2024, up 17.6% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.3K | - | N/A |
| 2 Bedrooms | $95K | $125K | +31.6% |
| 3 Bedrooms | $145K | $161.2K | +11.2% |
| 4 Bedrooms | $136K | $142K | +4.4% |
| 5+ Bedrooms | $167K | $140K | -16.2% |
Summary: The Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Neighborhoods
| The Valley | $127.5K | $150K | +17.6% |
| Eastside | $195K | $212.5K | +9.0% |
| Nedrow | $132.5K | $140K | +5.7% |
Housing Supply in The Valley, NY
How many homes are available in The Valley, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Summary: The The Valley real estate market had 17 homes for sale in March 2024, a 19.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The The Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Valley, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in The Valley in March 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for The Valley, NY
How long does it take to sell a home in The Valley, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 3 Days | -86.9% |
Summary: Homes in The Valley had an average of 3 days on market in Mar 2024, down by 86.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Valley are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in The Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
