Is New Utrecht, 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, New Utrecht has remained a Buyer's Market.
Housing Prices in New Utrecht, NY
How much do homes in New Utrecht, NY cost?
Median Sold Price
$996,600
$604/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Utrecht was $996,600 in May 2024, down 3.2% from last year, and the median price per square foot was $604.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $336K | -1.2% |
2 Bedrooms | $588.5K | $550.5K | -6.5% |
3 Bedrooms | $1.0M | $1.0M | 0.0% |
4 Bedrooms | $1.2M | $1.2M | +1.8% |
5+ Bedrooms | $1.5M | $1.5M | 0.1% |
Summary: New Utrecht housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Neighborhoods
Bay Ridge | $978.3K | $985K | +0.7% |
New Utrecht | $1.0M | $996.6K | -3.2% |
Dyker Heights | $1.2M | $1.2M | -4.9% |
Fort Hamilton | $610K | $499.5K | -18.1% |
Housing Supply in New Utrecht, NY
How many homes are available in New Utrecht, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
695 | 663 | -4.6% |
Summary: The New Utrecht real estate market had 663 homes for sale in May 2024, a 4.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 142 | 133 | -6.3% |
2 Bedrooms | 135 | 125 | -7.4% |
3 Bedrooms | 130 | 123 | -5.4% |
4 Bedrooms | 63 | 59 | -6.3% |
5+ Bedrooms | 225 | 223 | -0.9% |
Summary: The New Utrecht housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 0.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 83 | +31.7% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in New Utrecht in May 2024, up by 31.7% month-over-month. Of the 83 sold homes, 73% were sold under asking, 19% were sold at asking, and 7% were sold over asking.
Days on Market for New Utrecht, NY
How long does it take to sell a home in New Utrecht, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
114 Days | 90 Days | -20.4% |
Summary: Homes in New Utrecht had an average of 90 days on market in May 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During May 2024, 83 homes were sold in New Utrecht; 18% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.