Is 10016, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 10016 has remained a Buyer's Market.
Housing Prices in 10016, NY
How much do homes in 10016, NY cost?
Median Sold Price
$1,175,000
$1,367/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 10016 was $1,175,000 in March 2024, down 15.6% from last year, and the median price per square foot was $1,367.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $875.3K | $770K | -12.0% |
2 Bedrooms | $2.3M | $1.8M | -19.7% |
3 Bedrooms | $3.3M | $2.6M | -21.8% |
4 Bedrooms | $4.7M | $6.1M | +29.4% |
5+ Bedrooms | $4.2M | $3.3M | -20.2% |
Summary: 10016 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes decreased by 21.8%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 20.2%.
Housing Supply in 10016, NY
How many homes are available in 10016, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
339 | 357 | +5.3% |
Summary: The 10016 real estate market had 357 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 151 | 163 | +7.9% |
2 Bedrooms | 128 | 127 | -0.8% |
3 Bedrooms | 37 | 42 | +13.5% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 10016 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.9%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 20 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 10016 in March 2024, up by 66.7% month-over-month. Of the 20 sold homes, 10% were sold under asking, 90% were sold at asking, and 0% were sold over asking.
Days on Market for 10016, NY
How long does it take to sell a home in 10016, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 41 Days | +41.4% |
Summary: Homes in 10016 had an average of 41 days on market in Mar 2024, up by 41.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 10016; 0% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.