Is Central Valley, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Valley is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Central Valley was a Buyer's Market.

Key Takeaway

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

Housing Prices in Central Valley, NY

How much do homes in Central Valley, NY cost?

Median Sold Price

$650,000

$232/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$25,000(+4.0%)

Key Takeaway

Homes in Central Valley have sold for 4% more than they did a month ago.

Summary: The median home sold price in Central Valley was $650,000 in October 2024, up 4% from last month, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$475K
N/A
4 $590K$757K
+28.3%
5+ $660K$761.9K
+15.4%

Summary: Central Valley housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 15.4%.

Housing Supply in Central Valley, NY

How many homes are available in Central Valley, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1513-13.3%

Summary: The Central Valley real estate market had 13 homes for sale in October 2024, a 13.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 87
-12.5%
5+ 43
-25.0%

Summary: The Central Valley 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 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Valley, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Central Valley in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for Central Valley, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
59 Days35 Days-41.2%

Summary: Homes in Central Valley had an average of 35 days on market in Oct 2024, down by 41.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Central Valley has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Central Valley; 20% of homes were sold within 30 days, 80% 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 23 Days Ago

Newest Listings in Central Valley, NY

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