$5,344 Closing Credit*
$450,000
1,306 SqFt
4 Beds
•1 Full Bath
Kathleen M Gordon, Listing Office: Inglenook Realty Inc
Is Galway, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Galway was a Seller's Market.
Key Takeaway
Galway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Galway, NY
How much do homes in Galway, NY cost?
Median Sold Price
$310,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,500(+2.8%)
Key Takeaway
Homes in Galway have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Galway was $310,500 in October 2024, up 2.8% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $205K | +54.7% |
| 2 Bedrooms | $200K | $230K | +15.0% |
| 3 Bedrooms | $255K | $325K | +27.5% |
| 4 Bedrooms | $415K | $359K | -13.5% |
| 5+ Bedrooms | $385K | $201.2K | -47.7% |
Summary: Galway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.7%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 47.7%.
Housing Supply in Galway, NY
How many homes are available in Galway, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Summary: The Galway real estate market had 12 homes for sale in October 2024, a 29.4% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Galway 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 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Galway, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Galway in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Galway, NY
How long does it take to sell a home in Galway, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 6 Days | +28.6% |
Summary: Homes in Galway had an average of 6 days on market in Oct 2024, up by 28.6% 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
Key Takeaway
Many homes in Galway are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Galway; 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.
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.