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 December 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

$401,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$60,050(+17.6%)

Key Takeaway

Homes in Averill Park have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Averill Park was $401,000 in December 2024, up 17.6% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $366K$240K
-34.4%
2 $177.3K$260K
+46.6%
3 $342K$370K
+8.2%
4 $359.9K$475K
+32.0%
5+ $442.3K$552.3K
+24.9%

Summary: Averill Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.4%, 2 bedroom homes increased by 46.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 24.9%.

Median Sold Price Compared To Nearby Cities

Poestenkill
+34.8%
Averill Park
+17.6%
Sand Lake
+13.6%
Wynantskill
+10.3%

Housing Supply in Averill Park, NY

How many homes are available in Averill Park, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2116-23.8%

Summary: The Averill Park real estate market had 16 homes for sale in December 2024, a 23.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 31
-66.7%
3 95
-44.4%
4 69
+50.0%
5+ 21
-50.0%

Summary: The Averill Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 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. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Averill Park in December 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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

Dec 2023Dec 2024CHANGE
29 Days2 Days-91.0%

Summary: Homes in Averill Park had an average of 2 days on market in Dec 2024, down by 91% 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

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 December 2024, 3 homes were sold in Averill Park; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Averill Park, NY

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