Is New Hyde Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Hyde Park was a Neutral Market.
Housing Prices in New Hyde Park, NY
How much do homes in New Hyde Park, NY cost?
Median Sold Price
$817,000
$527/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Hyde Park was $817,000 in April 2024, up 4.7% from last year, and the median price per square foot was $527.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.5K | $242K | -2.2% |
2 Bedrooms | $715K | $600K | -16.1% |
3 Bedrooms | $750K | $755K | +0.7% |
4 Bedrooms | $768K | $818.5K | +6.6% |
5+ Bedrooms | $910K | $992.5K | +9.1% |
Summary: New Hyde Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Garden City | $970K | $1.0M | +8.2% |
North Hempstead | $870.7K | $939K | +7.8% |
Stewart Manor | $731K | $780K | +6.7% |
New Hyde Park | $780K | $817K | +4.7% |
Floral Park | $697.2K | $678.3K | -2.7% |
Housing Supply in New Hyde Park, NY
How many homes are available in New Hyde Park, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 134 | +20.7% |
Summary: The New Hyde Park real estate market had 134 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 43 | 46 | +7.0% |
4 Bedrooms | 37 | 49 | +32.4% |
5+ Bedrooms | 16 | 24 | +50.0% |
Summary: The New Hyde Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in New Hyde Park in April 2024, down by 38.9% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for New Hyde Park, NY
How long does it take to sell a home in New Hyde Park, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 48 Days | -39.8% |
Summary: Homes in New Hyde Park had an average of 48 days on market in Apr 2024, down by 39.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in New Hyde Park; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.