Gloversville First-Time Homebuyer Report for October

Gloversville is much older than the rest of New York, with a median age of 37. It's much less affluent than average as well, with a median income of $32,603 per household. The Gloversville market is almost exclusively made up of detached houses, which currently account for 98% of the homes for sale in the area. Topping the list of best schools in the city is Guilderland Elementary School.

Culture

If you are interested in the bar scene in Gloversville, Foursquare says that Aaron's Irish Pub is the most popular place to grab a drink. For shopping, you might enjoy Mohawk Harvest Cooperative Market and Rite Aid. You could also go see the popular Glove Performing Arts Center if you're interested in arts and entertainment.

Price Range

Gloversville has some of the more affordable homes in the state with a median home value of $88,800 and a current average list price of $68,200. Over the last 30 days, the Gloversville market looked solid with 12 homes sold. It marks a 71.4% increase from last week's report, while also topping the average sales volume for the prior 12 months.

Make sure you take a look at these eye-catching homes in Gloversville that generated the most views from potential buyers:

$189K   $110K   $102K  

Typical Dwelling

A three-bedroom detached home valued around $70,357 is considered a typical dwelling in Gloversville. If a buyer was looking for a similar home, they would need good credit and a $14,071 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $510 and the property tax rate is $27.70 per $1,000 of taxable assessed value.

Get started right now by checking out Gloversville homes for sale or reviewing Gloversville real estate trends.


Data reported through 10/13/2016

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Ask a local expert about this area:
CMK & Associates Real Estate
Snapped 1 home in this area
Krutz Properties
Snapped 1 home in this area
Coldwell Banker Arlene M. Sitt
Snapped 1 home in this area

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