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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wallkill is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Wallkill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Wallkill, NY

How much do homes in Wallkill, NY cost?

Median Sold Price

$424,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,033(+8.7%)

Key Takeaway

Homes in Wallkill have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Wallkill was $424,000 in October 2024, up 8.7% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $164.5K$230K
+39.8%
2 $265K$325K
+22.6%
3 $373.5K$380K
+1.7%
4 $465K$499.9K
+7.5%
5+ $530K$527K
-0.6%

Summary: Wallkill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Bloomingburg
+16.2%
Wallkill
+8.7%
Middletown
+5.7%
Mamakating
+1.2%

Housing Supply in Wallkill, NY

How many homes are available in Wallkill, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165154-6.7%

Summary: The Wallkill real estate market had 154 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2419
-20.8%
3 7973
-7.6%
4 5251
-1.9%
5+ 1011
+10.0%

Summary: The Wallkill 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 20.8%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4124-41.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wallkill, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Wallkill in October 2024, down by 41.5% month-over-month. Of the 24 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.

Days on Market for Wallkill, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days51 Days+36.6%

Summary: Homes in Wallkill had an average of 51 days on market in Oct 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 24 homes were sold in Wallkill; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 Wallkill, NY

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