Is Wappingers Falls, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Wappingers Falls was a Neutral Market.
Key Takeaway
Wappingers Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wappingers Falls, NY
How much do homes in Wappingers Falls, NY cost?
Median Sold Price
$436,750
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wappingers Falls have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Wappingers Falls was $436,750 in May 2024, up 12.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.4K | $163K | +16.9% |
| 2 Bedrooms | $240K | $230K | -4.2% |
| 3 Bedrooms | $399K | $450K | +12.8% |
| 4 Bedrooms | $455K | $499.2K | +9.7% |
| 5+ Bedrooms | $459.1K | $560K | +22.0% |
Summary: Wappingers Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
| Wappinger | $370.5K | $425.3K | +14.8% |
| Wappingers Falls | $388.8K | $436.7K | +12.3% |
Housing Supply in Wappingers Falls, NY
How many homes are available in Wappingers Falls, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 110 | 133 | +20.9% |
Summary: The Wappingers Falls real estate market had 133 homes for sale in May 2024, a 20.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 23 | 29 | +26.1% |
| 3 Bedrooms | 47 | 55 | +17.0% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Wappingers Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wappingers Falls, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Wappingers Falls in May 2024, up by 60.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 65 Days | 31 Days | -52.4% |
Summary: Homes in Wappingers Falls had an average of 31 days on market in May 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wappingers Falls are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Wappingers Falls; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.