$2,244 Closing Credit*
$189,000
1,876 SqFt
Erin Darran, Listing Office: Coldwell Banker Timberland Properties
Is Gilboa, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Gilboa has remained a Seller's Market.
Key Takeaway
Gilboa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gilboa, NY
How much do homes in Gilboa, NY cost?
Median Sold Price
$267,450
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,450(+19.9%)
Key Takeaway
Homes in Gilboa have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Gilboa was $267,450 in October 2024, up 19.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $350K | +89.2% |
| 3 Bedrooms | $178K | $247.5K | +39.0% |
| 4 Bedrooms | $400K | $206K | -48.5% |
| 5+ Bedrooms | $115K | - | N/A |
Summary: Gilboa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 89.2%, 3 bedroom homes increased by 39%, 4 bedroom homes decreased by 48.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gilboa | $223K | $267.4K | +19.9% |
| Broome | $217.5K | $200K | -8.0% |
Housing Supply in Gilboa, NY
How many homes are available in Gilboa, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Gilboa real estate market had 11 homes for sale in October 2024, a 15.4% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Gilboa 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 decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilboa, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Gilboa in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gilboa, NY
How long does it take to sell a home in Gilboa, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 141 Days | 94 Days | -33.3% |
Summary: Homes in Gilboa had an average of 94 days on market in Oct 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gilboa has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Gilboa; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.