Is Averill Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Averill Park is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Averill Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Averill Park, NY

How much do homes in Averill Park, NY cost?

Median Sold Price

$375,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+7.1%)

Key Takeaway

Homes in Averill Park have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Averill Park was $375,000 in October 2024, up 7.1% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $366K$140K
-61.7%
2 $205K$260K
+26.8%
3 $350K$312.8K
-10.6%
4 $361.2K$433.5K
+20.0%
5+ $419.9K$512K
+21.9%

Summary: Averill Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.7%, 2 bedroom homes increased by 26.8%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 21.9%.

Median Sold Price Compared To Nearby Cities

Wynantskill
+24.4%
Poestenkill
+15.6%
Sand Lake
+11.7%
Averill Park
+7.1%

Housing Supply in Averill Park, NY

How many homes are available in Averill Park, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2326+13.0%

Summary: The Averill Park real estate market had 26 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 33
0.0%
3 711
+57.1%
4 1011
+10.0%
5+ 21
-50.0%

Summary: The Averill Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Averill Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Averill Park in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Averill Park, NY

How long does it take to sell a home in Averill Park, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days30 Days-3.4%

Summary: Homes in Averill Park had an average of 30 days on market in Oct 2024, down by 3.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Averill Park; 67% of homes were sold within 30 days, 33% 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 23 Days Ago

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