Is Bellerose, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Bellerose was a Seller's Market.
Key Takeaway
Bellerose is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bellerose, NY
How much do homes in Bellerose, NY cost?
Median Sold Price
$675,000
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bellerose have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Bellerose was $675,000 in June 2024, down 3.6% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $248K | 0.2% |
| 2 Bedrooms | $350K | $399K | +14.0% |
| 3 Bedrooms | $705K | $715K | +1.4% |
| 4 Bedrooms | $815K | $787.5K | -3.4% |
| 5+ Bedrooms | $965K | $1.0M | +13.3% |
Summary: Bellerose housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Floral Park | $675K | $700K | +3.7% |
| Queens | $689.5K | $698.5K | +1.3% |
| New York | $848.7K | $850.1K | 0.2% |
| Bellerose | $705K | $700K | -0.7% |
| Bellerose | $700K | $675K | -3.6% |
Housing Supply in Bellerose, NY
How many homes are available in Bellerose, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 87 | 104 | +19.5% |
Summary: The Bellerose real estate market had 104 homes for sale in June 2024, a 19.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Bellerose housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 15 | +200.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bellerose, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Bellerose in June 2024, up by 200.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 97 Days | 54 Days | -44.6% |
Summary: Homes in Bellerose had an average of 54 days on market in Jun 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellerose are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 15 homes were sold in Bellerose; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% 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.