$50,000
7.40 Acres
Land
Thaddeus Jones, Listing Office: KW Platform
Is Altamont, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Altamont was a Neutral Market.
Key Takeaway
Altamont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Altamont, NY
How much do homes in Altamont, NY cost?
Median Sold Price
$369,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,598(+17.7%)
Key Takeaway
Homes in Altamont have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Altamont was $369,000 in October 2024, up 17.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $202K | -3.8% |
| 3 Bedrooms | $309.7K | $340K | +9.8% |
| 4 Bedrooms | $445.3K | $432.5K | -2.9% |
| 5+ Bedrooms | $397.7K | $435K | +9.4% |
Summary: Altamont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Altamont | $313.4K | $369K | +17.7% |
| Guilderland | $311.7K | $359.9K | +15.5% |
Housing Supply in Altamont, NY
How many homes are available in Altamont, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Altamont real estate market had 24 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Altamont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altamont, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Altamont in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Altamont, NY
How long does it take to sell a home in Altamont, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 16 Days | +75.7% |
Summary: Homes in Altamont had an average of 16 days on market in Oct 2024, up by 75.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Altamont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Altamont; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.