Is New Paltz, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Paltz has remained a Buyer's Market.
Key Takeaway
New Paltz is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Paltz, NY
How much do homes in New Paltz, NY cost?
Median Sold Price
$483,750
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in New Paltz has remained the same since last year.
Summary: The median home sold price in New Paltz was $483,750 in May 2024, down 0.2% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $310K | +80.2% |
| 2 Bedrooms | $473K | $365.2K | -22.8% |
| 3 Bedrooms | $425K | $475K | +11.8% |
| 4 Bedrooms | $650K | $517.5K | -20.4% |
| 5+ Bedrooms | $624.9K | $447.5K | -28.4% |
Summary: New Paltz housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.2%, 2 bedroom homes decreased by 22.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes decreased by 28.4%.
Housing Supply in New Paltz, NY
How many homes are available in New Paltz, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The New Paltz real estate market had 45 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 19 | 28 | +47.4% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Paltz housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Paltz, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in New Paltz in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for New Paltz, NY
How long does it take to sell a home in New Paltz, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 149 Days | 33 Days | -77.9% |
Summary: Homes in New Paltz had an average of 33 days on market in May 2024, down by 77.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Paltz are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in New Paltz; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.