$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 November 2023
Since last year, Galway has remained a Seller's Market.
Key Takeaway
Galway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galway, NY
How much do homes in Galway, NY cost?
Median Sold Price
$339,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,000(+12.6%)
Key Takeaway
Homes in Galway have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Galway was $339,000 in November 2024, up 12.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.5K | $205K | +54.7% |
| 2 Bedrooms | $260.1K | $185K | -28.9% |
| 3 Bedrooms | $301K | $344.9K | +14.6% |
| 4 Bedrooms | $440K | $407.5K | -7.4% |
| 5+ Bedrooms | $385K | $201.2K | -47.7% |
Summary: Galway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.7%, 2 bedroom homes decreased by 28.9%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 7.4%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Galway real estate market had 15 homes for sale in November 2024, a 15.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Galway 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 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galway, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Galway in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -34.7% |
Summary: Homes in Galway had an average of 6 days on market in Nov 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were 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 November 2024, 4 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.