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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garnerville is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Garnerville, NY

How much do homes in Garnerville, NY cost?

Median Sold Price

$595,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$85,000(+16.7%)

Key Takeaway

Homes in Garnerville have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Garnerville was $595,000 in December 2024, up 16.7% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $219K$105K
-52.1%
2 $339K$337.4K
-0.5%
3 $448K$472.5K
+5.5%
4 $532.5K$645K
+21.1%
5+ $550K$630K
+14.5%

Summary: Garnerville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.1%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Cities

Garnerville
+16.7%
Thiells
+9.9%
Stony Point
+8.4%
Haverstraw
+5.9%
West Haverstraw
+3.5%

Housing Supply in Garnerville, NY

How many homes are available in Garnerville, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2014-30.0%

Summary: The Garnerville real estate market had 14 homes for sale in December 2024, a 30.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 53
-40.0%
4 87
-12.5%
5+ 43
-25.0%

Summary: The Garnerville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garnerville, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Garnerville in December 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Garnerville, NY

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

Average Sale Time

Dec 2023Dec 2024CHANGE
41 Days45 Days+8.7%

Summary: Homes in Garnerville had an average of 45 days on market in Dec 2024, up by 8.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 Garnerville has remained consistent over time.

Summary: During December 2024, 8 homes were sold in Garnerville; 38% of homes were sold within 30 days, 63% 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 6 Days Ago

Newest Listings in Garnerville, NY

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