Is Long Beach, 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, Long Beach was a Seller's Market.
Housing Prices in Long Beach, NY
How much do homes in Long Beach, NY cost?
Median Sold Price
$660,625
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Long Beach was $660,625 in May 2024, down 0.7% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $420K | +6.3% |
2 Bedrooms | $621.5K | $625K | +0.6% |
3 Bedrooms | $715K | $762.5K | +6.6% |
4 Bedrooms | $870K | $925K | +6.3% |
5+ Bedrooms | $975K | $1.0M | +7.6% |
Summary: Long Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Long Beach | $665K | $660.6K | -0.7% |
Lawrence | $614.5K | $540K | -12.1% |
Housing Supply in Long Beach, NY
How many homes are available in Long Beach, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
217 | 245 | +12.9% |
Summary: The Long Beach real estate market had 245 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 47 | 55 | +17.0% |
2 Bedrooms | 40 | 49 | +22.5% |
3 Bedrooms | 54 | 50 | -7.4% |
4 Bedrooms | 34 | 39 | +14.7% |
5+ Bedrooms | 42 | 52 | +23.8% |
Summary: The Long Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 22.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Long Beach in May 2024, up by 35.0% month-over-month. Of the 27 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Long Beach, NY
How long does it take to sell a home in Long Beach, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
103 Days | 62 Days | -39.7% |
Summary: Homes in Long Beach had an average of 62 days on market in May 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Long Beach; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.