Is New City, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New City was a Neutral Market.
Housing Prices in New City, NY
How much do homes in New City, NY cost?
Median Sold Price
$690,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New City was $690,000 in April 2024, up 3% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $334.5K | $317.5K | -5.1% |
2 Bedrooms | $378.3K | $439K | +16.0% |
3 Bedrooms | $530K | $572.5K | +8.0% |
4 Bedrooms | $685K | $700K | +2.2% |
5+ Bedrooms | $825K | $860K | +4.2% |
Summary: New City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
New Hempstead | $801K | $875K | +9.2% |
Garnerville | $510K | $550K | +7.8% |
Clarkstown | $600K | $624.3K | +4.0% |
New City | $670K | $690K | +3.0% |
Housing Supply in New City, NY
How many homes are available in New City, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 107 | +21.6% |
Summary: The New City real estate market had 107 homes for sale in April 2024, a 21.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 15 | 24 | +60.0% |
4 Bedrooms | 38 | 40 | +5.3% |
5+ Bedrooms | 27 | 36 | +33.3% |
Summary: The New City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in New City in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for New City, NY
How long does it take to sell a home in New City, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 27 Days | -15.7% |
Summary: Homes in New City had an average of 27 days on market in Apr 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in New City; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.