Is Manorhaven, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manorhaven is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Manorhaven has remained a Seller's Market.

Key Takeaway

Manorhaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Manorhaven, NY

How much do homes in Manorhaven, NY cost?

Median Sold Price

$800,000

$467/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$50,000(-5.9%)

Key Takeaway

Homes in Manorhaven have sold for 5.9% less than they did a month ago.

Summary: The median home sold price in Manorhaven was $800,000 in May 2024, down 5.9% from last month, and the median price per square foot was $467.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$337K
N/A
2 -$756.2K
N/A
3 --
N/A
4 $842.5K-
N/A
5+ $1.1M$1.0M
-14.5%

Summary: Manorhaven housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 14.5%.

Housing Supply in Manorhaven, NY

How many homes are available in Manorhaven, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
15150.0%

Summary: The Manorhaven real estate market had 15 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 22
0.0%
3 22
0.0%
4 55
0.0%
5+ 55
0.0%

Summary: The Manorhaven housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manorhaven, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Manorhaven in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Manorhaven, NY

How long does it take to sell a home in Manorhaven, NY?

Average Sale Time

Apr 2024May 2024CHANGE
22 Days36 Days+63.6%

Summary: Homes in Manorhaven had an average of 36 days on market in May 2024, up by 63.6% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manorhaven are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Manorhaven; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Manorhaven, NY

Nearby Markets to Manorhaven, NY

What housing markets are near Manorhaven, NY?