Is Bellmore, 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, Bellmore was a Neutral Market.
Key Takeaway
Bellmore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bellmore, NY
How much do homes in Bellmore, NY cost?
Median Sold Price
$685,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bellmore have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Bellmore was $685,000 in March 2024, up 1.9% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $380.8K | N/A |
| 2 Bedrooms | $490K | $554K | +13.1% |
| 3 Bedrooms | $617.5K | $580K | -6.1% |
| 4 Bedrooms | $755K | $754K | -0.1% |
| 5+ Bedrooms | $850K | $811K | -4.6% |
Summary: Bellmore 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 13.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Wantagh | $695K | $718.2K | +3.3% |
| North Bellmore | $684.2K | $707K | +3.3% |
| Merrick | $759.3K | $781.1K | +2.9% |
| Bellmore | $672.5K | $685K | +1.9% |
| Town of Hempstead | $639.5K | $650.3K | +1.7% |
Housing Supply in Bellmore, NY
How many homes are available in Bellmore, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 59 | +20.4% |
Summary: The Bellmore real estate market had 59 homes for sale in March 2024, a 20.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Bellmore 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 6.3%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellmore, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Bellmore in March 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Bellmore, NY
How long does it take to sell a home in Bellmore, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 112 Days | 22 Days | -79.6% |
Summary: Homes in Bellmore had an average of 22 days on market in Mar 2024, down by 79.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellmore are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Bellmore; 80% of homes were sold within 30 days, 20% 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.