$2,488 Closing Credit*
$209,500
1,355 SqFt
2 Beds
•2 Full Baths
Bob Vassi, Listing Office: Vassi Realty
Is Amsterdam, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Amsterdam has remained a Seller's Market.
Key Takeaway
Amsterdam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Amsterdam, NY
How much do homes in Amsterdam, NY cost?
Median Sold Price
$180,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,250(+4.2%)
Key Takeaway
Homes in Amsterdam have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Amsterdam was $180,000 in October 2024, up 4.2% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $54.5K | +81.7% |
| 2 Bedrooms | $185.5K | $170K | -8.4% |
| 3 Bedrooms | $200K | $220K | +10.0% |
| 4 Bedrooms | $198K | $164.3K | -17.0% |
| 5+ Bedrooms | $130K | $158.2K | +21.7% |
Summary: Amsterdam housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.7%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Florida | $309.1K | $343K | +11.0% |
| Amsterdam | $172.7K | $180K | +4.2% |
Housing Supply in Amsterdam, NY
How many homes are available in Amsterdam, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 101 | -17.9% |
Summary: The Amsterdam real estate market had 101 homes for sale in October 2024, a 17.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 32 | 25 | -21.9% |
| 5+ Bedrooms | 34 | 23 | -32.4% |
Summary: The Amsterdam 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 decreased by 11.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 32.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Amsterdam, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Amsterdam in October 2024, up by 30.4% month-over-month. Of the 30 sold homes, 47% were sold under asking, 3% were sold at asking, and 50% were sold over asking.
Days on Market for Amsterdam, NY
How long does it take to sell a home in Amsterdam, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 27 Days | +41.4% |
Summary: Homes in Amsterdam had an average of 27 days on market in Oct 2024, up by 41.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Amsterdam are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Amsterdam; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.