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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wappingers Falls is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Wappingers Falls, NY

How much do homes in Wappingers Falls, NY cost?

Median Sold Price

$450,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,816(+5.6%)

Key Takeaway

Homes in Wappingers Falls have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Wappingers Falls was $450,000 in November 2024, up 5.6% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $153.5K$162.5K
+5.9%
2 $228.7K$266.5K
+16.5%
3 $430K$455K
+5.8%
4 $500K$500K
0.0%
5+ $570K$590K
+3.5%

Summary: Wappingers Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Wappinger
+9.5%
Wappingers Falls
+5.6%

Housing Supply in Wappingers Falls, NY

How many homes are available in Wappingers Falls, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
12590-28.0%

Summary: The Wappingers Falls real estate market had 90 homes for sale in November 2024, a 28.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 1918
-5.3%
3 6042
-30.0%
4 3220
-37.5%
5+ 107
-30.0%

Summary: The Wappingers Falls housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2920-31.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wappingers Falls, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Wappingers Falls in November 2024, down by 31.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for Wappingers Falls, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days58 Days-5.2%

Summary: Homes in Wappingers Falls had an average of 58 days on market in Nov 2024, down by 5.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 20 homes were sold in Wappingers Falls; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% 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 17 Days Ago

Newest Listings in Wappingers Falls, NY

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