Is Bellerose, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bellerose was a Seller's Market.
Housing Prices in Bellerose, NY
How much do homes in Bellerose, NY cost?
Median Sold Price
$722,500
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bellerose was $722,500 in May 2024, up 2.5% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | $241K | -0.6% |
2 Bedrooms | $350K | $500K | +42.9% |
3 Bedrooms | $707.5K | $731.5K | +3.4% |
4 Bedrooms | $825K | $830K | +0.6% |
5+ Bedrooms | $965K | $950K | -1.6% |
Summary: Bellerose housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Bellerose | $705K | $722.5K | +2.5% |
Queens | $690.3K | $696.5K | +0.9% |
Floral Park | $694.5K | $696.7K | 0.3% |
New York | $849.6K | $849.6K | 0.0% |
Bellerose | $705K | $695K | -1.4% |
Housing Supply in Bellerose, NY
How many homes are available in Bellerose, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 84 | +13.5% |
Summary: The Bellerose real estate market had 84 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 14 | +7.7% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Bellerose housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bellerose in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bellerose, NY
How long does it take to sell a home in Bellerose, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 116 Days | +66.1% |
Summary: Homes in Bellerose had an average of 116 days on market in May 2024, up by 66.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Bellerose; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.