Is Baldwin, 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, Baldwin has remained a Buyer's Market.
Housing Prices in Baldwin, NY
How much do homes in Baldwin, NY cost?
Median Sold Price
$620,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Baldwin was $620,000 in March 2024, down 1.6% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $317K | $281.6K | -11.2% |
2 Bedrooms | $447K | $433.2K | -3.1% |
3 Bedrooms | $590K | $600K | +1.7% |
4 Bedrooms | $652K | $680K | +4.3% |
5+ Bedrooms | $722.5K | $675K | -6.6% |
Summary: Baldwin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in Baldwin, NY
How many homes are available in Baldwin, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 88 | +22.2% |
Summary: The Baldwin real estate market had 88 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 37 | 40 | +8.1% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Baldwin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Baldwin in March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 45 Days | +2.8% |
Summary: Homes in Baldwin had an average of 45 days on market in Mar 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Baldwin; 33% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.