Is South Glens Falls, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Glens Falls is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, South Glens Falls has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Glens Falls, NY

How much do homes in South Glens Falls, NY cost?

Median Sold Price

$265,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+6.0%)

Key Takeaway

Homes in South Glens Falls have sold for 6% more than they did a year ago.

Summary: The median home sold price in South Glens Falls was $265,000 in November 2024, up 6% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $230K$229.9K
0%
3 $282.5K$279.4K
-1.1%
4 $238.1K$280K
+17.6%
5+ $219.9K$378K
+71.9%

Summary: South Glens Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 71.9%.

Median Sold Price Compared To Nearby Cities

Glens Falls
+13.1%
South Glens Falls
+6.0%
Moreau
-0.8%

Housing Supply in South Glens Falls, NY

How many homes are available in South Glens Falls, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2524-4.0%

Summary: The South Glens Falls real estate market had 24 homes for sale in November 2024, a 4.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 68
+33.3%
3 1510
-33.3%
4 34
+33.3%
5+ 01
+100.0%

Summary: The South Glens Falls 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 increased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Glens Falls, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in South Glens Falls in November 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for South Glens Falls, NY

How long does it take to sell a home in South Glens Falls, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days32 Days+235.1%

Summary: Homes in South Glens Falls had an average of 32 days on market in Nov 2024, up by 235.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in South Glens Falls; 67% of homes were sold within 30 days, 33% 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 2 Days Ago

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