$4,156 Closing Credit*
$349,999
1,592 SqFt
3 Beds
•2 Full Baths
Leanna Pace, Listing Office: Oxford Property Group USA
Is Ballston Spa, 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 Spa has remained a Seller's Market.
Key Takeaway
Ballston Spa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ballston Spa, NY
How much do homes in Ballston Spa, NY cost?
Median Sold Price
$382,333
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,452(+4.8%)
Key Takeaway
Homes in Ballston Spa have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Ballston Spa was $382,333 in November 2024, up 4.8% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $303.5K | +1.2% |
| 3 Bedrooms | $370.4K | $387.5K | +4.6% |
| 4 Bedrooms | $454.2K | $445K | -2.0% |
| 5+ Bedrooms | $450K | $574.2K | +27.6% |
Summary: Ballston Spa 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 1.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Ballston | $415K | $522.8K | +26.0% |
| Milton | $350K | $381.5K | +9.0% |
| Ballston Spa | $364.8K | $382.3K | +4.8% |
Housing Supply in Ballston Spa, NY
How many homes are available in Ballston Spa, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 106 | -14.5% |
Summary: The Ballston Spa real estate market had 106 homes for sale in November 2024, a 14.5% 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 | 20 | 17 | -15.0% |
| 3 Bedrooms | 63 | 55 | -12.7% |
| 4 Bedrooms | 35 | 27 | -22.9% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Ballston Spa 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 decreased by 15%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ballston Spa, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Ballston Spa in November 2024, up by 29.6% month-over-month. Of the 35 sold homes, 23% were sold under asking, 31% were sold at asking, and 46% were sold over asking.
Days on Market for Ballston Spa, NY
How long does it take to sell a home in Ballston Spa, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 21 Days | +26.9% |
Summary: Homes in Ballston Spa had an average of 21 days on market in Nov 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ballston Spa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in Ballston Spa; 86% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% 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.