$8,371 Closing Credit*
$704,900
2,870 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jaylene M Leonbruno, Denise DeSalvatore, Listing Office: Tailored Real Estate Group
Is Ballston Lake, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ballston Lake has remained a Seller's Market.
Key Takeaway
Ballston Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ballston Lake, NY
How much do homes in Ballston Lake, NY cost?
Median Sold Price
$490,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,800(+10.1%)
Key Takeaway
Homes in Ballston Lake have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Ballston Lake was $490,000 in November 2024, up 10.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | - | N/A |
| 2 Bedrooms | $280K | $310K | +10.7% |
| 3 Bedrooms | $440K | $475K | +8.0% |
| 4 Bedrooms | $470K | $532K | +13.2% |
| 5+ Bedrooms | $428.8K | $450K | +4.9% |
Summary: Ballston Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Ballston | $415K | $522.8K | +26.0% |
| Ballston Lake | $445.2K | $490K | +10.1% |
| Clifton Park | $435K | $451.2K | +3.7% |
| Burnt Hills | $382.7K | $350K | -8.6% |
Housing Supply in Ballston Lake, NY
How many homes are available in Ballston Lake, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 54 | -11.5% |
Summary: The Ballston Lake real estate market had 54 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Ballston Lake housing inventory by bedroom type for November 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 13.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 21 | +61.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ballston Lake, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Ballston Lake in November 2024, up by 61.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 19% were sold at asking, and 57% were sold over asking.
Days on Market for Ballston Lake, NY
How long does it take to sell a home in Ballston Lake, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +24.8% |
Summary: Homes in Ballston Lake had an average of 25 days on market in Nov 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ballston Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Ballston Lake; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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.