$5,521 Closing Credit*
$464,900
924 SqFt
3 Beds
•1 Full Bath
Scott Irish-Bronkie, Listing Office: Rocky Point Properties, Inc.
Is Old Forge, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Old Forge was a Seller's Market.
Key Takeaway
Old Forge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Forge, NY
How much do homes in Old Forge, NY cost?
Median Sold Price
$575,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+27.8%)
Key Takeaway
Homes in Old Forge have sold for 27.8% more than they did a year ago.
Summary: The median home sold price in Old Forge was $575,000 in November 2024, up 27.8% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $430K | +87.0% |
| 2 Bedrooms | $351K | $545K | +55.3% |
| 3 Bedrooms | $450K | $552.9K | +22.9% |
| 4 Bedrooms | $859.3K | $899K | +4.6% |
| 5+ Bedrooms | $449K | $1.2M | +178.4% |
Summary: Old Forge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87%, 2 bedroom homes increased by 55.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 178.4%.
Median Sold Price Compared To Nearby Cities
| Old Forge | $450K | $575K | +27.8% |
| Webb | $442.8K | $545K | +23.1% |
Housing Supply in Old Forge, NY
How many homes are available in Old Forge, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Old Forge real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Old Forge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Forge, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Old Forge in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Old Forge, NY
How long does it take to sell a home in Old Forge, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 50 Days | -31.7% |
Summary: Homes in Old Forge had an average of 50 days on market in Nov 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Old Forge has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Old Forge; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
