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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Latham is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Latham, NY

How much do homes in Latham, NY cost?

Median Sold Price

$386,250

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,326(+4.7%)

Key Takeaway

Homes in Latham have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Latham was $386,250 in October 2024, up 4.7% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $225K$270K
+20.0%
3 $353.8K$375.5K
+6.1%
4 $415K$411.4K
-0.8%
5+ $452.5K$522.5K
+15.5%

Summary: Latham 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 20%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Cities

Niskayuna
+7.7%
Clifton Park
+5.3%
Latham
+4.7%
Halfmoon
+4.1%

Housing Supply in Latham, NY

How many homes are available in Latham, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5857-1.7%

Summary: The Latham real estate market had 57 homes for sale in October 2024, a 1.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 31
-66.7%
3 3633
-8.3%
4 1519
+26.7%
5+ 33
0.0%

Summary: The Latham 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 decreased by 66.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Latham, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Latham in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 41% were sold under asking, 6% were sold at asking, and 53% were sold over asking.

Days on Market for Latham, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days10 Days-44.6%

Summary: Homes in Latham had an average of 10 days on market in Oct 2024, down by 44.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Latham; 94% of homes were sold within 30 days, 6% 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 12 Days Ago

Newest Listings in Latham, NY

Nearby Markets to Latham, NY