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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadalbin is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Broadalbin, NY

How much do homes in Broadalbin, NY cost?

Median Sold Price

$212,500

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,500(+11.8%)

Key Takeaway

Homes in Broadalbin have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Broadalbin was $212,500 in October 2024, up 11.8% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$180.5K
+20.3%
2 $169K$133K
-21.3%
3 $250.5K$236.5K
-5.6%
4 $150K$287.7K
+91.8%
5+ $283K$150K
-47.0%

Summary: Broadalbin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 91.8%, and 5+ bedroom homes decreased by 47%.

Housing Supply in Broadalbin, NY

How many homes are available in Broadalbin, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3626-27.8%

Summary: The Broadalbin real estate market had 26 homes for sale in October 2024, a 27.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 106
-40.0%
3 149
-35.7%
4 76
-14.3%
5+ 44
0.0%

Summary: The Broadalbin 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 40%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadalbin, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Broadalbin in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Broadalbin, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days57 Days+178.1%

Summary: Homes in Broadalbin had an average of 57 days on market in Oct 2024, up by 178.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Broadalbin has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Broadalbin; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 16 Days Ago

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