Is Baldwin, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baldwin is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Baldwin was a Seller's Market.

Key Takeaway

Baldwin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Baldwin, NY

How much do homes in Baldwin, NY cost?

Median Sold Price

$650,000

$368/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$21,500(+3.4%)

Key Takeaway

Homes in Baldwin have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Baldwin was $650,000 in August 2024, up 3.4% from last year, and the median price per square foot was $368.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $332.5K-
N/A
2 $400.5K$467K
+16.6%
3 $590K$610K
+3.4%
4 $655K$695K
+6.1%
5+ $720K$750K
+4.2%

Summary: Baldwin housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4.2%.

Housing Supply in Baldwin, NY

How many homes are available in Baldwin, NY?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
9195+4.4%

Summary: The Baldwin real estate market had 95 homes for sale in August 2024, a 4.4% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 22
0.0%
2 57
+40.0%
3 3231
-3.1%
4 3941
+5.1%
5+ 1314
+7.7%

Summary: The Baldwin housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baldwin, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Baldwin in August 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.

Days on Market for Baldwin, NY

How long does it take to sell a home in Baldwin, NY?

Average Sale Time

Aug 2023Aug 2024CHANGE
37 Days68 Days+83.2%

Summary: Homes in Baldwin had an average of 68 days on market in Aug 2024, up by 83.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Baldwin are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 9 homes were sold in Baldwin; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in Baldwin, NY

Nearby Markets to Baldwin, NY