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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fallsburg is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fallsburg was a Seller's Market.

Key Takeaway

Fallsburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fallsburg, NY

How much do homes in Fallsburg, NY cost?

Median Sold Price

$270,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,000(+28.6%)

Key Takeaway

Homes in Fallsburg have sold for 28.6% more than they did a year ago.

Summary: The median home sold price in Fallsburg was $270,000 in November 2024, up 28.6% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$80K
-30.4%
2 $160K$209K
+30.6%
3 $223K$262K
+17.5%
4 $259.9K$300K
+15.4%
5+ $330K$368.7K
+11.7%

Summary: Fallsburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.4%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.7%.

Housing Supply in Fallsburg, NY

How many homes are available in Fallsburg, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5865+12.1%

Summary: The Fallsburg real estate market had 65 homes for sale in November 2024, a 12.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 99
0.0%
3 2223
+4.5%
4 1317
+30.8%
5+ 1315
+15.4%

Summary: The Fallsburg 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 remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fallsburg, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Fallsburg in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Fallsburg, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
85 Days36 Days-56.8%

Summary: Homes in Fallsburg had an average of 36 days on market in Nov 2024, down by 56.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 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 Fallsburg has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Fallsburg; 17% of homes were sold within 30 days, 83% 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 20 Days Ago

Newest Listings in Fallsburg, NY

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