Is West Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, West Falls has remained a Seller's Market.
Key Takeaway
West Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Falls, NY
How much do homes in West Falls, NY cost?
Median Sold Price
$320,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in West Falls has remained the same since last year.
Summary: The median home sold price in West Falls was $320,000 in March 2024, down 0.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | - | N/A |
| 2 Bedrooms | $490K | $235K | -52.0% |
| 3 Bedrooms | $321K | $310K | -3.4% |
| 4 Bedrooms | $337.5K | $415K | +23.0% |
| 5+ Bedrooms | - | $566K | N/A |
Summary: West Falls 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 decreased by 52%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 23%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Colden | $273K | $325K | +19.0% |
| Aurora | $390K | $400K | +2.6% |
| West Falls | $321K | $320K | -0.3% |
Housing Supply in West Falls, NY
How many homes are available in West Falls, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The West Falls real estate market had 2 homes for sale in March 2024, a 33.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Falls 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Falls, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in West Falls in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Falls, NY
How long does it take to sell a home in West Falls, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 92 Days | 84 Days | -9.2% |
Summary: Homes in West Falls had an average of 84 days on market in Mar 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Falls has remained consistent over time.
Summary: During March 2024, 1 homes were sold in West Falls; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
