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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellerose is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Bellerose has remained a Buyer'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

$695,000

$474/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,000(-1.4%)

Key Takeaway

Homes in Bellerose have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Bellerose was $695,000 in February 2024, down 1.4% from last year, and the median price per square foot was $474.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $238.9K$246.2K
+3.1%
2 $340K$399K
+17.4%
3 $707.5K$705K
-0.4%
4 $817.5K$770K
-5.8%
5+ $979K$1.0M
+12.3%

Summary: Bellerose housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Cities

Bellerose
-0.7%
Bellerose
-1.4%
New York
-1.8%
Queens
-2.2%
Floral Park
-4.0%

Housing Supply in Bellerose, NY

How many homes are available in Bellerose, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7686+13.2%

Summary: The Bellerose real estate market had 86 homes for sale in February 2024, a 13.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 915
+66.7%
2 1818
0.0%
3 2526
+4.0%
4 1818
0.0%
5+ 69
+50.0%

Summary: The Bellerose housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellerose, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Bellerose in February 2024, up by 100.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Feb 2023Feb 2024CHANGE
65 Days52 Days-20.5%

Summary: Homes in Bellerose had an average of 52 days on market in Feb 2024, down by 20.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 12 homes were sold in Bellerose; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

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