Is Richmond County, 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, Richmond County has remained a Buyer's Market.
Housing Prices in Richmond County, NY
How much do homes in Richmond County, NY cost?
Median Sold Price
$659,642
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Richmond County was $659,642 in April 2024, up 1.5% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $330K | +4.8% |
2 Bedrooms | $465K | $465K | 0.0% |
3 Bedrooms | $640.2K | $650K | +1.5% |
4 Bedrooms | $800K | $810K | +1.3% |
5+ Bedrooms | $877.5K | $947.5K | +8.0% |
Summary: Richmond County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
Union County | $500.6K | $554.8K | +10.8% |
Richmond County | $650K | $659.6K | +1.5% |
Housing Supply in Richmond County, NY
How many homes are available in Richmond County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
401 | 433 | +8.0% |
Summary: The Richmond County real estate market had 433 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 20 | 0.0% |
2 Bedrooms | 64 | 75 | +17.2% |
3 Bedrooms | 181 | 186 | +2.8% |
4 Bedrooms | 70 | 84 | +20.0% |
5+ Bedrooms | 66 | 68 | +3.0% |
Summary: The Richmond County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 51 | -1.9% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Richmond County in April 2024, down by 1.9% month-over-month. Of the 51 sold homes, 78% were sold under asking, 10% were sold at asking, and 12% were sold over asking.
Days on Market for Richmond County, NY
How long does it take to sell a home in Richmond County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 83 Days | +32.9% |
Summary: Homes in Richmond County had an average of 83 days on market in Apr 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Richmond County; 20% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.