Is Gloversville, NY 12078 a buyer’s or seller’s market?
Gloversville is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 65% of U.S. ZIP codes, and #393 of 649 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gloversville housing market right now
In the three months ending August 31, 2026, 42% of homes in Gloversville, NY 12078 sold above their list price, the typical home went under contract in 11 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 51 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (13 days then) and the median sale price rose 8% to $205,911. Overall, Gloversville is more competitive than a year ago, so tougher for buyers.
Within Fulton County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Gloversville ranks #393 of 649 NY ZIP codes with enough sales (score 62 out of 100).
Nearby, buyers who want less competition could look at Mayfield 12117 (11% sold over asking) or Saint Johnsville 13452 (33% sold over asking).
Run the numbers for 12078
Nearby markets
Broadalbin 12025Seller’s market $223 /sq ftDolgeville 13329Buyer’s market $101 /sq ftJohnstown 12095Balanced $131 /sq ftMayfield 12117Seller’s market $158 /sq ft Browse all markets →Towns like Gloversville nearby
Find towns like Gloversville in other states →Where Gloversville is
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Questions about Gloversville real estate
Is Gloversville a buyer’s or seller’s market?
A balanced market: there were 5.1 months of supply in Gloversville, NY 12078 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 Gloversville?
The typical home went under contract in 11 days in the latest three months.
Do homes in Gloversville sell over asking?
42% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Gloversville?
About 2.06% of a home’s value a year in Fulton County, or roughly $8,240 on a $400,000 home.
What is the median home price in Gloversville?
The median sale price was $205,911 in the three months ending August 31, 2026, about $130 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