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Featured local agent — Hannawa Falls, NY
Sarah Mitchell
Compass Real Estate · Hannawa Falls, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hannawa Falls, NY Housing Market
The last median sale price Redfin published was $379,000 (through May 2026). With 3.0 months of supply and homes going under contract in about 87 days, Hannawa Falls is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $379,000 home is about $2,023/mo in principal and interest.
Key numbers for Hannawa Falls, NY
Median sale price
$379,000
Last published period
Redfin, through April 2026
Days on market
87
Slow-moving
Redfin, through April 2026
Active listings
3
3.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$95,893
Home costs 4.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.3%
Selling below asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Hannawa Falls a buyer's or seller's market?
Hannawa Falls, NY is a balanced market, based on 3.0 months of supply and homes selling in about 87 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Hannawa Falls housing market data show?
Every row below is Redfin's final published month for Hannawa Falls, NY. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $379,000 |
| Median list price | $469,500 |
| Median price per sq ft | $122/sq ft |
| Median days on market | 87 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 98.3% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Hannawa Falls is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Hannawa Falls is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Hannawa Falls home prices moved?
Across the 32 months we hold for Hannawa Falls, NY, the median sale price rose 308.8%, from $92,700 in April 2021 to $379,000. 33.3% of Hannawa Falls listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.0 months while the sale-to-list ratio slips below its current 98.3%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Hannawa Falls?
Priced off the median sale price of $379,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $75,800 | $303,200 | $2,023/mo |
| 5% | $18,950 | $360,050 | $2,403/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,023, that implies roughly $86,713 a year before you add taxes and insurance. The median household in Hannawa Falls earns $95,893, about $9,180 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.0x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Hannawa Falls in the next 12 months?
Tell us your timeline. We send the Hannawa Falls market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Hannawa Falls?
Zillow does not publish a rent index (ZORI) for Hannawa Falls, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Hannawa Falls?
Active listings in Hannawa Falls, NY went from 2 in November 2023 to 3 in April 2026, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| August 2024 | 2 | 1 |
| September 2024 | 2 | not published |
| December 2024 | 3 | not published |
| May 2025 | 4 | 3 |
| June 2025 | 4 | 3 |
| July 2025 | 2 | not published |
| August 2025 | 2 | 1 |
| September 2025 | 3 | 1 |
| October 2025 | 3 | 2 |
| December 2025 | 4 | not published |
| March 2026 | 3 | 1 |
| April 2026 | 3 | 2 |
Redfin, through April 2026
How does Hannawa Falls compare to New York and the U.S.?
Hannawa Falls homes sell for $379,000 — 39% below the New York median of $620,500. Against the national median of $410,700, Hannawa Falls runs 8% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Hannawa Falls, NY | $379,000 | not published | 87 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Hannawa Falls
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $379 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $379,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Hannawa Falls listing goes under contract in 87 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Hannawa Falls added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Hannawa Falls varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Hannawa Falls
There are currently 3 homes listed for sale in Hannawa Falls, New York. The median listing price is $470K.
Active listings
3
Homes on market
Median list price
$470K
Avg. days on market
87
Days until sale
New this week
2
Newly listed
How much do homes cost in Hannawa Falls by property type?
How the Hannawa Falls, NY market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $297,500 | $90/sq ft | 2 | 360 days |
Who lives in Hannawa Falls?
American Community Survey estimates for Hannawa Falls. U.S. Census ACS, 2023
Population
847
Households
386
Median income
$95,893/yr
Median age
46.1 years
Owner-occupied
79.0%
Median home value
$181,800
Median gross rent
$1,106/mo
Mean commute
19.7 min
79.0% of occupied homes in Hannawa Falls are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Hannawa Falls, NY?
Ordered by distance from Hannawa Falls, not by size. Compare Hannawa Falls side by side with any of them.
Hannawa Falls housing market FAQ
Is Hannawa Falls a buyer's or seller's market?
Hannawa Falls, NY is currently a balanced market. That read comes from 3.0 months of supply, homes going under contract in about 87 days, and sellers getting 98.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Hannawa Falls?
The median sale price in the last month Redfin published was $379,000, about $122 per square foot.
Is Hannawa Falls cheaper than the rest of New York?
Hannawa Falls's median sale price of $379,000 is 39% lower than the New York statewide median of $620,500, and 8% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Hannawa Falls?
Homes in Hannawa Falls, NY spent a median of 87 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Hannawa Falls?
At the current 30-year fixed rate of 7.03%, 20% down on a $379,000 home is about $2,023 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $86,713 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $95,893.
Are home prices rising in Hannawa Falls?
We do not hold a complete 12-month value series for Hannawa Falls, NY yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Hannawa Falls?
Hannawa Falls ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Hannawa Falls?
That depends on your timeline, not on a headline. What the data says today: Hannawa Falls, NY is a balanced market with 3.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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