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Is Paul Smiths, NY 12970 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Paul Smiths is a seller’s market. With about 1.6 months of supply and 75% 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.

Months of supply1.6Under 4 months = seller’s market
Sold above original list74.9%Share of sales, last 3 months
Median sale-to-list109.8%Sold price ÷ list price
Median days on market14Listing to accepted offer
Median price per sq ft$240

The Paul Smiths housing market right now

In the three months ending August 31, 2026, 75% of homes in Paul Smiths, NY 12970 sold above their list price, the typical home went under contract in 14 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.

Within Franklin County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 94%.

Nearby, buyers who want less competition could look at Saint Regis Falls 12980 (0% sold over asking) or Rainbow Lake 12976 (0% sold over asking), while Bombay 12914 (100% sold over asking) is even more competitive.

Run the numbers for 12970

Prefilled for 12970Can I win this house?Multiple-offer likelihood for a listing Prefilled for 12970Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bloomingdale 12913Seller’s market $202 /sq ftBombay 12914Buyer’s market $57 /sq ftBrushton 12916Buyer’s market $103 /sq ftBurke 12917Buyer’s market $588 /sq ft Browse all markets →

Towns like Paul Smiths nearby

Find towns like Paul Smiths in other states →
Saranac Lake, NY12983 · 11 miles away30% similarlarger · older residents Saranac, NY12981 · 31 miles away27% similarcheaper homes ($60K less) · larger Potsdam, NY13676 · 38 miles away25% similarlower income ($28K less) · cheaper homes ($82K less) Keeseville, NY12944 · 39 miles away22% similarcheaper homes ($100K less) · larger

Where Paul Smiths is

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Questions about Paul Smiths real estate

Is Paul Smiths a buyer’s or seller’s market?

A seller’s market: there were 1.6 months of supply in Paul Smiths, NY 12970 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 Paul Smiths?

The typical home went under contract in 14 days in the latest three months.

Do homes in Paul Smiths sell over asking?

75% of homes sold above their original list price, and the typical sale closed at 109.8% of the list price.

What are property taxes in Paul Smiths?

About 1.68% of a home’s value a year in Franklin County, or roughly $6,720 on a $400,000 home.

What is the median home price in Paul Smiths?

The median sale price was $1,454,371 in the three months ending August 31, 2026, about $240 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