Is Burnt Hills, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burnt Hills is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Burnt Hills was a Neutral Market.

Key Takeaway

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

Housing Prices in Burnt Hills, NY

How much do homes in Burnt Hills, NY cost?

Median Sold Price

$370,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,250(-2.2%)

Key Takeaway

Homes in Burnt Hills have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Burnt Hills was $370,000 in October 2024, down 2.2% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $298K$295K
-1.0%
3 $352.5K$350K
-0.7%
4 $455K$425K
-6.6%
5+ $417.5K$640K
+53.3%

Summary: Burnt Hills 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 decreased by 1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 53.3%.

Median Sold Price Compared To Nearby Cities

Charlton
+35.5%
Ballston
+18.1%
Ballston Lake
+8.0%
Glenville
+6.9%
Burnt Hills
-2.2%

Housing Supply in Burnt Hills, NY

How many homes are available in Burnt Hills, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The Burnt Hills real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 43
-25.0%
5+ 22
0.0%

Summary: The Burnt Hills 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burnt Hills, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Burnt Hills in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Burnt Hills, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days25 Days+525.0%

Summary: Homes in Burnt Hills had an average of 25 days on market in Oct 2024, up by 525% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Burnt Hills are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Burnt Hills; 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 17 Days Ago

Newest Listings in Burnt Hills, NY

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