$2,968 Closing Credit*
$249,900
1,144 SqFt
3 Beds
•2 Full Baths
Linda M Luciano, Listing Office: Michael Flynn Real Estate
Is Latham, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,739(+2.9%)
Key Takeaway
Homes in Latham have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Latham was $386,250 in December 2024, up 2.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $253.5K | $267.5K | +5.5% |
| 3 Bedrooms | $367.4K | $375K | +2.0% |
| 4 Bedrooms | $418.5K | $440K | +5.1% |
| 5+ Bedrooms | $452.5K | $502.5K | +11.0% |
Summary: Latham housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Halfmoon | $440.5K | $468.2K | +6.3% |
| Niskayuna | $367K | $385K | +4.9% |
| Clifton Park | $436.3K | $451.7K | +3.5% |
| Latham | $375.5K | $386.2K | +2.9% |
Housing Supply in Latham, NY
How many homes are available in Latham, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 50 | 33 | -34.0% |
Summary: The Latham real estate market had 33 homes for sale in December 2024, a 34.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 29 | 20 | -31.0% |
| 4 Bedrooms | 14 | 9 | -35.7% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Latham 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 50%, 3 bedroom homes decreased by 31%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latham, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Latham in December 2024, down by 33.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 14 Days | 11 Days | -23.5% |
Summary: Homes in Latham had an average of 11 days on market in Dec 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Latham are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in Latham; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.