Is Spring Valley, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Spring Valley was a Buyer's Market.
Housing Prices in Spring Valley, NY
How much do homes in Spring Valley, NY cost?
Median Sold Price
$700,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Valley was $700,000 in April 2024, up 2.6% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94K | $118K | +25.5% |
2 Bedrooms | $305K | $370K | +21.3% |
3 Bedrooms | $602.5K | $651.8K | +8.2% |
4 Bedrooms | $735K | $800K | +8.8% |
5+ Bedrooms | $950K | $1.0M | +14.7% |
Summary: Spring Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 14.7%.
Housing Supply in Spring Valley, NY
How many homes are available in Spring Valley, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 134 | -0.7% |
Summary: The Spring Valley real estate market had 134 homes for sale in April 2024, a 0.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 19 | +5.6% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 32 | 30 | -6.3% |
5+ Bedrooms | 57 | 54 | -5.3% |
Summary: The Spring Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Spring Valley in April 2024, up by 27.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Spring Valley, NY
How long does it take to sell a home in Spring Valley, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
89 Days | 39 Days | -55.9% |
Summary: Homes in Spring Valley had an average of 39 days on market in Apr 2024, down by 55.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Spring Valley; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.