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 November 2021

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.

How much do homes in Bellerose, NY cost?

Median Sold Price

$685,000

$474/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$36,000(+5.5%)

Key Takeaway

Homes in Bellerose have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $232.5K$236.9K
+1.9%
2 $349.9K$340K
-2.8%
3 $658K$690K
+4.9%
4 $755K$799K
+5.8%
5+ $958K$1.0M
+6.1%

Median Sold Price Compared To Nearby Cities

Floral Park
+6.6%
Bellerose
+5.5%
Queens
+3.6%
New York
+3.6%

How many homes are available in Bellerose, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
99106+7.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 810
+25.0%
2 1718
+5.9%
3 3537
+5.7%
4 2726
-3.7%
5+ 1215
+25.0%

Number of Homes Sold

Oct 2022Nov 2022%
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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.

Average Sale Time

Nov 2021Nov 2022%
62 Days115 Days+85.9%

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in Bellerose has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bellerose, NY

Homes for sale in Bellerose, NY have reached 106. In November 2022 in Bellerose, NY there were 7.1% more homes for sale than in October 2022. In November 2022, listings were on the market for 115 days. During the same period, the median list price in this real estate market was $685,000. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 1.9%, prices of 2 bedrooms properties decreased by 2.8%, prices of 3 bedrooms properties went up by 4.9%, prices of 4 bedrooms properties went up by 5.8%, prices of 5 bedrooms properties increased by 6.1%. This housing market inventory have changed: number of 1 bedroom homes increased by 25%, 2 bedrooms homes inventory increased by 5.9%, number of 3 bedrooms homes increased by 5.7%, the quantity of 4 bedrooms homes went down by 3.7%, number of 5 bedrooms homes increased by 25%. While more than 2 listings in Bellerose, NY in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.

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