Is Valley Cottage, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valley Cottage is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Valley Cottage was a Seller's Market.

Key Takeaway

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

Housing Prices in Valley Cottage, NY

How much do homes in Valley Cottage, NY cost?

Median Sold Price

$462,500

$345/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$52,500(-10.2%)

Key Takeaway

Homes in Valley Cottage have sold for 10.2% less than they did a year ago.

Summary: The median home sold price in Valley Cottage was $462,500 in October 2024, down 10.2% from last year, and the median price per square foot was $345.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $282.7K$305K
+7.9%
2 $365K$395K
+8.2%
3 $547.5K$603.7K
+10.3%
4 $655K$699.9K
+6.9%
5+ $717.5K$751K
+4.7%

Summary: Valley Cottage housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Congers
+10.8%
Clarkstown
+8.7%
Nyack
+6.0%
Valley Cottage
-10.2%

Housing Supply in Valley Cottage, NY

How many homes are available in Valley Cottage, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4954+10.2%

Summary: The Valley Cottage real estate market had 54 homes for sale in October 2024, a 10.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1113
+18.2%
2 1013
+30.0%
3 109
-10.0%
4 1314
+7.7%
5+ 55
0.0%

Summary: The Valley Cottage housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valley Cottage, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Valley Cottage in October 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for Valley Cottage, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days31 Days+37.2%

Summary: Homes in Valley Cottage had an average of 31 days on market in Oct 2024, up by 37.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Valley Cottage; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Valley Cottage, NY

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