Is La Grange, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, La Grange was a Seller's Market.
Key Takeaway
La Grange is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in La Grange, NY
How much do homes in La Grange, NY cost?
Median Sold Price
$457,520
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in La Grange have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in La Grange was $457,520 in May 2024, up 8.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.9K | $230K | +9.6% |
| 2 Bedrooms | $311K | $332.5K | +6.9% |
| 3 Bedrooms | $395K | $425K | +7.6% |
| 4 Bedrooms | $495K | $525K | +6.1% |
| 5+ Bedrooms | $497.5K | $499.9K | 0.5% |
Summary: La Grange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Hopewell Junction | $468.2K | $540K | +15.3% |
| Lagrangeville | $460K | $523K | +13.7% |
| La Grange | $419.9K | $457.5K | +8.9% |
| Pleasant Valley | $414K | $425K | +2.7% |
Housing Supply in La Grange, NY
How many homes are available in La Grange, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 84 | +7.7% |
Summary: The La Grange real estate market had 84 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 30 | 34 | +13.3% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The La Grange housing inventory by bedroom type for May 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 13.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Grange, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in La Grange in May 2024, down by 6.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.
Days on Market for La Grange, NY
How long does it take to sell a home in La Grange, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 82 Days | 60 Days | -27.2% |
Summary: Homes in La Grange had an average of 60 days on market in May 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Grange are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in La Grange; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.