Is New Utrecht, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$994,172
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Utrecht was $994,172 in April 2024, down 6% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $338K | $340K | +0.6% |
2 Bedrooms | $591K | $550K | -6.9% |
3 Bedrooms | $1.0M | $999K | -2.5% |
4 Bedrooms | $1.2M | $1.2M | +1.6% |
5+ Bedrooms | $1.5M | $1.5M | -1.0% |
Summary: New Utrecht housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
Bay Ridge | $985K | $999K | +1.4% |
New Utrecht | $1.0M | $994.1K | -6.0% |
Dyker Heights | $1.2M | $1.2M | -7.5% |
Fort Hamilton | $595K | $525K | -11.8% |
Housing Supply in New Utrecht, NY
How many homes are available in New Utrecht, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
667 | 655 | -1.8% |
Summary: The New Utrecht real estate market had 655 homes for sale in April 2024, a 1.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 136 | 135 | -0.7% |
2 Bedrooms | 122 | 130 | +6.6% |
3 Bedrooms | 113 | 117 | +3.5% |
4 Bedrooms | 74 | 64 | -13.5% |
5+ Bedrooms | 222 | 209 | -5.9% |
Summary: The New Utrecht housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 61 | -10.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in New Utrecht in April 2024, down by 10.3% month-over-month. Of the 61 sold homes, 69% were sold under asking, 26% were sold at asking, and 5% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
104 Days | 97 Days | -6.9% |
Summary: Homes in New Utrecht had an average of 97 days on market in Apr 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 61 homes were sold in New Utrecht; 7% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.