Ellenburg, NY

Real estate in Ellenburg, New York is a hot commodity. With a population of just over 2,000 people, the town has seen an influx of new residents in recent years. This has led to an increase in demand for homes and apartments, which has driven up prices.

The average price of a home in Ellenburg was $269,500 as of September 2017. This is significantly higher than the statewide average of $186,900. The median price for an apartment was also much higher at $345,000.

There are several factors that have contributed to the high prices in Ellenburg. First and foremost is the fact that the town is located within close proximity to both Albany and Syracuse. These larger cities have a large number of jobs and residents who are looking for affordable housing options.

Another reason why prices have been so high is the lack of available inventory. As more people move into Ellenburg, there are not enough homes available to meet demand. This means that buyers must compete with each other for limited properties.

Despite these challenges, there are still some good deals available if you know where to look. For example, one-bedroom apartments can be found for under $200 per month if you are willing to live outside of the city center.