Is Barnum Island, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Barnum Island was a Buyer's Market.
Key Takeaway
Barnum Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barnum Island, NY
How much do homes in Barnum Island, NY cost?
Median Sold Price
$662,500
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Barnum Island have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Barnum Island was $662,500 in March 2024, up 3.5% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | $634.5K | +15.4% |
| 3 Bedrooms | $749K | $670K | -10.5% |
| 4 Bedrooms | $602.5K | $630K | +4.6% |
| 5+ Bedrooms | $857.5K | $835K | -2.6% |
Summary: Barnum Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Barnum Island | $640K | $662.5K | +3.5% |
| Town of Hempstead | $639.5K | $650.3K | +1.7% |
| Oceanside | $650K | $649.9K | 0% |
Housing Supply in Barnum Island, NY
How many homes are available in Barnum Island, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Barnum Island real estate market had 10 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Barnum Island 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barnum Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Barnum Island in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Barnum Island, NY
How long does it take to sell a home in Barnum Island, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 31 Days | -24.4% |
Summary: Homes in Barnum Island had an average of 31 days on market in Mar 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barnum Island are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Barnum Island; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.