$3,384 Closing Credit*
$285,000
1,008 SqFt
3 Beds
•1 Full Bath, 1 Partial
Shayna L Goodson, 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 October 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
$380,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,657(+4.9%)
Key Takeaway
Homes in Ballston Spa have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Ballston Spa was $380,000 in October 2024, up 4.9% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $303K | +1.0% |
| 3 Bedrooms | $368.6K | $385K | +4.4% |
| 4 Bedrooms | $450K | $475K | +5.6% |
| 5+ Bedrooms | $450K | $534K | +18.7% |
Summary: Ballston Spa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Ballston | $415K | $489.9K | +18.1% |
| Milton | $350K | $379.5K | +8.4% |
| Ballston Spa | $362.3K | $380K | +4.9% |
Housing Supply in Ballston Spa, NY
How many homes are available in Ballston Spa, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 103 | -7.2% |
Summary: The Ballston Spa real estate market had 103 homes for sale in October 2024, a 7.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 14 | -36.4% |
| 3 Bedrooms | 58 | 52 | -10.3% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ballston Spa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ballston Spa, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Ballston Spa in October 2024, up by 4.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 13% were sold at asking, and 58% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 23 Days | +20.8% |
Summary: Homes in Ballston Spa had an average of 23 days on market in Oct 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ballston Spa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Ballston Spa; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% 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.