$7,363 Closing Credit*
$620,000
2,070 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gia M Smith, Listing Office: Romeo Team Realty
Is Malta, 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, Malta has remained a Seller's Market.
Key Takeaway
Malta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malta, NY
How much do homes in Malta, NY cost?
Median Sold Price
$420,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$2,000(+0.5%)
Key Takeaway
The sold price of homes in Malta has remained the same since last year.
Summary: The median home sold price in Malta was $420,000 in December 2024, up 0.5% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $205K | -32.8% |
| 2 Bedrooms | $290K | $312.5K | +7.8% |
| 3 Bedrooms | $410K | $424K | +3.4% |
| 4 Bedrooms | $515K | $450K | -12.6% |
| 5+ Bedrooms | $435.7K | $628K | +44.1% |
Summary: Malta housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 44.1%.
Median Sold Price Compared To Nearby Cities
| Saratoga Springs | $559.1K | $607.7K | +8.7% |
| Ballston Lake | $450.5K | $475K | +5.4% |
| Malta | $418K | $420K | 0.5% |
Housing Supply in Malta, NY
How many homes are available in Malta, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 53 | 31 | -41.5% |
Summary: The Malta real estate market had 31 homes for sale in December 2024, a 41.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 7 | -50.0% |
| 3 Bedrooms | 23 | 12 | -47.8% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Malta 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 47.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 7 | -65.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malta, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Malta in December 2024, down by 65.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Malta, NY
How long does it take to sell a home in Malta, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 52 Days | 3 Days | -92.9% |
Summary: Homes in Malta had an average of 3 days on market in Dec 2024, down by 92.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Malta are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 7 homes were sold in Malta; 100% of homes were sold within 30 days, 0% 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.