Is Mineola, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mineola has remained a Seller's Market.
Housing Prices in Mineola, NY
How much do homes in Mineola, NY cost?
Median Sold Price
$655,000
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mineola was $655,000 in May 2024, up 0.8% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $302.5K | $300K | -0.8% |
2 Bedrooms | $387K | $425K | +9.8% |
3 Bedrooms | $685K | $683.1K | -0.3% |
4 Bedrooms | $715K | $747.5K | +4.5% |
5+ Bedrooms | $753K | $812.5K | +7.9% |
Summary: Mineola housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
Williston Park | $738K | $825K | +11.8% |
North Hempstead | $869K | $949K | +9.2% |
Garden City | $970K | $1.0M | +8.2% |
Mineola | $650K | $655K | +0.8% |
East Williston | $1.1M | $1.1M | -2.2% |
Housing Supply in Mineola, NY
How many homes are available in Mineola, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 71 | +20.3% |
Summary: The Mineola real estate market had 71 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Mineola 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 increased by 40%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 17 | +112.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Mineola in May 2024, up by 112.5% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Mineola, NY
How long does it take to sell a home in Mineola, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +8.5% |
Summary: Homes in Mineola had an average of 29 days on market in May 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Mineola; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.