Is Upper Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Upper Falls was a Buyer's Market.
Key Takeaway
Upper Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Falls, NY
How much do homes in Upper Falls, NY cost?
Median Sold Price
$77,450
$42/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Falls have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Upper Falls was $77,450 in April 2024, up 10.6% from last year, and the median price per square foot was $42.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $47.5K | - | N/A |
| 3 Bedrooms | $95K | $42K | -55.8% |
| 4 Bedrooms | $63K | $110.9K | +76.0% |
| 5+ Bedrooms | $84.9K | $113.5K | +33.6% |
Summary: Upper 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 did not change, 3 bedroom homes decreased by 55.8%, 4 bedroom homes increased by 76%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Neighborhoods
| South Marketview Heights | $39.9K | $75K | +88.0% |
| Upper Falls | $70K | $77.4K | +10.6% |
Housing Supply in Upper Falls, NY
How many homes are available in Upper Falls, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Summary: The Upper Falls real estate market had 15 homes for sale in April 2024, a 25.0% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Upper 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 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Falls, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Upper Falls in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Upper Falls, NY
How long does it take to sell a home in Upper Falls, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 85 Days | +611.1% |
Summary: Homes in Upper Falls had an average of 85 days on market in Apr 2024, up by 611.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Falls are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Upper Falls; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
