Is Wappingers Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Wappingers Falls has remained a Seller's Market.
Key Takeaway
Wappingers Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Wappingers Falls, NY cost?
Median Sold Price
$402,750
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Wappingers Falls have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Wappingers Falls was $402,750 in August 2023, up 3.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $149.7K | +15.2% |
| 2 Bedrooms | $215K | $250K | +16.3% |
| 3 Bedrooms | $400K | $399.4K | -0.1% |
| 4 Bedrooms | $430.8K | $485K | +12.6% |
| 5+ Bedrooms | $578K | $570K | -1.4% |
Summary: Wappingers Falls housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 16.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Wappingers Falls | $390K | $402.7K | +3.3% |
| Wappinger | $389.5K | $380K | -2.4% |
Housing Supply
How many homes are available in Wappingers Falls, NY?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 144 | 142 | -1.4% |
Summary: The Wappingers Falls real estate market had 142 homes for sale in August 2023, a 1.4% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 77 | 76 | -1.3% |
| 4 Bedrooms | 32 | 32 | 0.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Wappingers Falls housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wappingers Falls, you could pay more than the asking price. 64.9% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Wappingers Falls in August 2023, up by 19.4% month-over-month. Of the 37 sold homes, 22% were sold under asking, 14% were sold at asking, and 65% were sold over asking.
Days on Market
How long does it take to sell a home in Wappingers Falls, NY?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 41 Days | 66 Days | +61.8% |
Summary: Homes in Wappingers Falls had an average of 66 days on market in Aug 2023, up by 61.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wappingers Falls are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 37 homes were sold in Wappingers Falls; 41% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2023 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.