Is Galway, NY 12074 a buyer’s or seller’s market?
Galway is a seller’s market. With about 2.6 months of supply and 64% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Galway housing market right now
In the three months ending August 31, 2026, 64% of homes in Galway, NY 12074 sold above their list price, the typical home went under contract in 4 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (21 days then) and the median sale price rose 22% to $429,814. Overall, Galway is more competitive than a year ago, so tougher for buyers.
Within Saratoga County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 81%.
Nearby, buyers who want less competition could look at Middle Grove 12850 (17% sold over asking) or Rock City Falls 12863 (20% sold over asking), while Victory Mills 12884 (100% sold over asking) and Clifton Park 12065 (75% sold over asking) are even more competitive.
Run the numbers for 12074
Nearby markets
Ballston Lake 12019Seller’s market $271 /sq ftBallston Spa 12020Seller’s market $271 /sq ftBurnt Hills 12027Seller’s market $276 /sq ftClifton Park 12065Seller’s market $262 /sq ft Browse all markets →Towns like Galway nearby
Find towns like Galway in other states →Where Galway is
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Questions about Galway real estate
Is Galway a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Galway, NY 12074 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Galway?
The typical home went under contract in 4 days in the latest three months.
Do homes in Galway sell over asking?
64% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Galway?
About 1.40% of a home’s value a year in Saratoga County, or roughly $5,600 on a $400,000 home.
What is the median home price in Galway?
The median sale price was $429,814 in the three months ending August 31, 2026, about $234 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology