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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stephentown is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Stephentown has remained a Buyer's Market.

Key Takeaway

Stephentown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Stephentown, NY

How much do homes in Stephentown, NY cost?

Median Sold Price

$485,000

$246/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$355,000(-42.3%)

Key Takeaway

Homes in Stephentown have sold for 42.3% less than they did a month ago.

Summary: The median home sold price in Stephentown was $485,000 in November 2024, down 42.3% from last month, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$485K
N/A
5+ $840K-
N/A

Summary: Stephentown housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Stephentown
-42.3%
New Lebanon
-68.1%

Housing Supply in Stephentown, NY

How many homes are available in Stephentown, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The Stephentown real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 55
0.0%
4 44
0.0%
5+ 33
0.0%

Summary: The Stephentown 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stephentown, 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 Stephentown in November 2024, the same as the previous 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 Stephentown, NY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
653 Days8 Days-98.8%

Summary: Homes in Stephentown had an average of 8 days on market in Nov 2024, down by 98.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Stephentown; 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.

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

Report Updated 2 Days Ago

Newest Listings in Stephentown, NY

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