Is Queensbury, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Queensbury is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Queensbury has remained a Seller's Market.

Key Takeaway

Queensbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Queensbury, NY

How much do homes in Queensbury, NY cost?

Median Sold Price

$341,900

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$23,050(-6.3%)

Key Takeaway

Homes in Queensbury have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in Queensbury was $341,900 in October 2024, down 6.3% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $62.5K$163.4K
+161.5%
2 $240K$250K
+4.2%
3 $350K$340K
-2.9%
4 $445K$435K
-2.2%
5+ $515K$464.1K
-9.9%

Summary: Queensbury housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 161.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Glens Falls
+11.4%
Kingsbury
+9.7%
Queensbury
-6.3%
Bolton
-44.6%

Housing Supply in Queensbury, NY

How many homes are available in Queensbury, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11190-18.9%

Summary: The Queensbury real estate market had 90 homes for sale in October 2024, a 18.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1311
-15.4%
3 5439
-27.8%
4 3734
-8.1%
5+ 65
-16.7%

Summary: The Queensbury 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 15.4%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2519-24.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Queensbury, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Queensbury in October 2024, down by 24.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 5% were sold at asking, and 63% were sold over asking.

Days on Market for Queensbury, NY

How long does it take to sell a home in Queensbury, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days19 Days-1.4%

Summary: Homes in Queensbury had an average of 19 days on market in Oct 2024, down by 1.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Queensbury are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in Queensbury; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Queensbury, NY

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