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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gloversville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Gloversville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gloversville, NY

How much do homes in Gloversville, NY cost?

Median Sold Price

$141,500

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,550(+8.9%)

Key Takeaway

Homes in Gloversville have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Gloversville was $141,500 in November 2024, up 8.9% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$176K
+30.4%
2 $127K$148.2K
+16.7%
3 $146.7K$149.5K
+1.9%
4 $129.9K$132.4K
+2.0%
5+ $100K$100K
0.0%

Summary: Gloversville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.

Housing Supply in Gloversville, NY

How many homes are available in Gloversville, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11892-22.0%

Summary: The Gloversville real estate market had 92 homes for sale in November 2024, a 22.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1111
0.0%
3 4330
-30.2%
4 3832
-15.8%
5+ 2518
-28.0%

Summary: The Gloversville 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 decreased by 30.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 28%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2422-8.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gloversville, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Gloversville in November 2024, down by 8.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Gloversville, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days33 Days-14.2%

Summary: Homes in Gloversville had an average of 33 days on market in Nov 2024, down by 14.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gloversville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in Gloversville; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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 17 Days Ago

Newest Listings in Gloversville, NY

Nearby Markets to Gloversville, NY