Is Ballston, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ballston is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Ballston, NY

How much do homes in Ballston, NY cost?

Median Sold Price

$473,500

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$58,500(+14.1%)

Key Takeaway

Homes in Ballston have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in Ballston was $473,500 in September 2024, up 14.1% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $300K-
N/A
2 $350K$355K
+1.4%
3 $412.6K$450K
+9.0%
4 $513.5K$580.3K
+13.0%
5+ $440K$530K
+20.5%

Summary: Ballston housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Cities

Ballston
+14.1%
Ballston Lake
+9.7%
Ballston Spa
+5.9%
Milton
+5.7%
Burnt Hills
-3.6%

Housing Supply in Ballston, NY

How many homes are available in Ballston, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4846-4.2%

Summary: The Ballston real estate market had 46 homes for sale in September 2024, a 4.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2524
-4.0%
4 1816
-11.1%
5+ 34
+33.3%

Summary: The Ballston housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ballston, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Ballston in September 2024, down by 21.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 27% were sold at asking, and 45% were sold over asking.

Days on Market for Ballston, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
11 Days7 Days-38.0%

Summary: Homes in Ballston had an average of 7 days on market in Sep 2024, down by 38% compared to last year.

Breakdown of Home Sale Times

11 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 Ballston are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 11 homes were sold in Ballston; 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 29 Days Ago

Newest Listings in Ballston, NY

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