Is Bellerose, 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, Bellerose was a Seller's Market.
Key Takeaway
Bellerose is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bellerose, NY
How much do homes in Bellerose, NY cost?
Median Sold Price
$705,000
$482/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Bellerose has remained the same since last year.
Summary: The median home sold price in Bellerose was $705,000 in March 2024, the same as last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.5K | $241.7K | +0.9% |
| 2 Bedrooms | $345K | $449.5K | +30.3% |
| 3 Bedrooms | $705K | $725K | +2.8% |
| 4 Bedrooms | $820K | $830K | +1.2% |
| 5+ Bedrooms | $965K | $1.0M | +5.9% |
Summary: Bellerose housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Bellerose | $705K | $705K | 0.0% |
| Bellerose | $701K | $695K | -0.9% |
| Queens | $693.4K | $686.6K | -1.0% |
| New York | $854.7K | $845.4K | -1.1% |
| Floral Park | $696.4K | $678.3K | -2.6% |
Housing Supply in Bellerose, NY
How many homes are available in Bellerose, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 74 | -2.6% |
Summary: The Bellerose real estate market had 74 homes for sale in March 2024, a 2.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Bellerose housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellerose, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bellerose in March 2024, down by 61.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Bellerose, NY
How long does it take to sell a home in Bellerose, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 41 Days | -39.9% |
Summary: Homes in Bellerose had an average of 41 days on market in Mar 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bellerose has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Bellerose; 40% of homes were sold within 30 days, 60% 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.