$5,343 Closing Credit*
$449,900
1,326 SqFt
2 Beds
•2 Full Baths
Cynthia M Quade, Listing Office: Signature One Realty Grp, LLC
Is Malta, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$424,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+3.4%)
Key Takeaway
Homes in Malta have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Malta was $424,000 in November 2024, up 3.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $205K | -32.8% |
| 2 Bedrooms | $290.1K | $306.5K | +5.6% |
| 3 Bedrooms | $410K | $427.5K | +4.3% |
| 4 Bedrooms | $462.8K | $475K | +2.6% |
| 5+ Bedrooms | $435.7K | $615.5K | +41.2% |
Summary: Malta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.8%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 41.2%.
Median Sold Price Compared To Nearby Cities
| Saratoga | $301.5K | $423K | +40.3% |
| Ballston Lake | $445.2K | $490K | +10.1% |
| Saratoga Springs | $559.6K | $597.9K | +6.8% |
| Malta | $410K | $424K | +3.4% |
Housing Supply in Malta, NY
How many homes are available in Malta, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 51 | -1.9% |
Summary: The Malta real estate market had 51 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Malta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malta, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Malta in November 2024, up by 63.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -6.6% |
Summary: Homes in Malta had an average of 23 days on market in Nov 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Malta are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Malta; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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