Is Alden, 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, Alden was a Buyer's Market.
Key Takeaway
Alden is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Alden, NY
How much do homes in Alden, NY cost?
Median Sold Price
$302,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Alden have sold for 12% more than they did a year ago.
Summary: The median home sold price in Alden was $302,500 in May 2024, up 12% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $187.5K | -12.8% |
| 3 Bedrooms | $255K | $289.9K | +13.7% |
| 4 Bedrooms | $342.4K | $360K | +5.1% |
| 5+ Bedrooms | $285K | $305.5K | +7.2% |
Summary: Alden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Alden, NY
How many homes are available in Alden, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 21 | +133.3% |
Summary: The Alden real estate market had 21 homes for sale in May 2024, a 133.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 9 | +200.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alden 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 50%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alden, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Alden in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Alden, NY
How long does it take to sell a home in Alden, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 12 Days | -39.7% |
Summary: Homes in Alden had an average of 12 days on market in May 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Alden; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
