Is West Sparta, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Sparta is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Sparta has remained a Seller's Market.

Key Takeaway

West Sparta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Sparta, NY

How much do homes in West Sparta, NY cost?

Median Sold Price

$112,500

$72/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$87,400(-43.7%)

Key Takeaway

Homes in West Sparta have sold for 43.7% less than they did a month ago.

Summary: The median home sold price in West Sparta was $112,500 in February 2024, down 43.7% from last month, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$50K
N/A
3 $199.9K$175K
-12.5%
4 --
N/A
5+ --
N/A

Summary: West Sparta housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in West Sparta, NY

How many homes are available in West Sparta, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
53-40.0%

Summary: The West Sparta real estate market had 3 homes for sale in February 2024, a 40.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 31
-66.7%
4 00
0.0%
5+ 11
0.0%

Summary: The West Sparta housing inventory by bedroom type for February 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Sparta, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in West Sparta in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for West Sparta, NY

How long does it take to sell a home in West Sparta, NY?

Average Sale Time

Jan 2024Feb 2024CHANGE
5 Days36 Days+630.0%

Summary: Homes in West Sparta had an average of 36 days on market in Feb 2024, up by 630% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Sparta are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in West Sparta; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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