Is Palenville, NY 12463 a buyer’s or seller’s market?
Palenville is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Palenville housing market right now
In the three months ending August 31, 2026, 0% of homes in Palenville, NY 12463 sold above their list price, the typical home went under contract in 48 days and there were 5.8 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. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (175 days then) and the median sale price rose 3% to $369,840. Overall, Palenville is more competitive than a year ago, so tougher for buyers.
Within Greene County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Leeds 12451 (100% sold over asking) and New Baltimore 12124 (67% sold over asking) are even more competitive.
Run the numbers for 12463
Nearby markets
Acra 12405Balanced $177 /sq ftAshland 12407 — /sq ftAthens 12015Buyer’s market $226 /sq ftCairo 12413Balanced $128 /sq ft Browse all markets →Where Palenville is
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Questions about Palenville real estate
Is Palenville a buyer’s or seller’s market?
A balanced market: there were 5.8 months of supply in Palenville, NY 12463 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 Palenville?
The typical home went under contract in 48 days in the latest three months.
Do homes in Palenville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Palenville?
About 1.49% of a home’s value a year in Greene County, or roughly $5,960 on a $400,000 home.
What is the median home price in Palenville?
The median sale price was $369,840 in the three months ending August 31, 2026, about $241 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