Is Fallsburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fallsburg was a Seller's Market.
Housing Prices in Fallsburg, NY
How much do homes in Fallsburg, NY cost?
Median Sold Price
$250,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fallsburg was $250,000 in May 2024, up 15.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $115K | +53.3% |
2 Bedrooms | $150K | $200K | +33.3% |
3 Bedrooms | $225K | $250K | +11.1% |
4 Bedrooms | $252K | $285K | +13.1% |
5+ Bedrooms | $350K | $340K | -2.9% |
Summary: Fallsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
Woodridge | $180K | $238.5K | +32.5% |
Fallsburg | $217K | $250K | +15.2% |
South Fallsburg | $240K | $236K | -1.7% |
Hurleyville | $220K | $200K | -9.1% |
Housing Supply in Fallsburg, NY
How many homes are available in Fallsburg, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 63 | +21.2% |
Summary: The Fallsburg real estate market had 63 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Fallsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Fallsburg in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Fallsburg, NY
How long does it take to sell a home in Fallsburg, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
130 Days | 59 Days | -54.5% |
Summary: Homes in Fallsburg had an average of 59 days on market in May 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Fallsburg; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.