Is 10550, 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, 10550 has remained a Buyer's Market.
Housing Prices in 10550, NY
How much do homes in 10550, NY cost?
Median Sold Price
$569,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 10550 was $569,000 in March 2024, up 3.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $112K | -10.4% |
2 Bedrooms | $375K | $375K | 0.0% |
3 Bedrooms | $500K | $444.5K | -11.1% |
4 Bedrooms | $522.5K | $542.5K | +3.8% |
5+ Bedrooms | $635K | $685K | +7.9% |
Summary: 10550 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in 10550, NY
How many homes are available in 10550, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 75 | +7.1% |
Summary: The 10550 real estate market had 75 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 37 | 44 | +18.9% |
Summary: The 10550 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 18.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 10550 in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 10550, NY
How long does it take to sell a home in 10550, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
93 Days | 63 Days | -31.5% |
Summary: Homes in 10550 had an average of 63 days on market in Mar 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 10550; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.