$4,928 Closing Credit*
$415,000
1,656 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kyle A Durni, Listing Office: Howard Hanna
Is Latham, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $270K | +20.0% |
| 3 Bedrooms | $353.8K | $375.5K | +6.1% |
| 4 Bedrooms | $415K | $411.4K | -0.8% |
| 5+ Bedrooms | $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 | $358.5K | $386.2K | +7.7% |
| Clifton Park | $430K | $453K | +5.3% |
| Latham | $368.9K | $386.2K | +4.7% |
| Halfmoon | $446.5K | $465K | +4.1% |
Housing Supply in Latham, NY
How many homes are available in Latham, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 3 | 3 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 10 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
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.
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.