Is Briarwood, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Briarwood has remained a Buyer's Market.
Housing Prices in Briarwood, NY
How much do homes in Briarwood, NY cost?
Median Sold Price
$318,750
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Briarwood was $318,750 in April 2024, up 1.2% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $225.8K | 0.4% |
2 Bedrooms | $289K | $308K | +6.6% |
3 Bedrooms | $759.3K | $750K | -1.2% |
4 Bedrooms | $982K | $885.7K | -9.8% |
5+ Bedrooms | $1.2M | $1.1M | -3.8% |
Summary: Briarwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
Kew Gardens Hills | $374.7K | $415K | +10.7% |
Briarwood | $315K | $318.7K | +1.2% |
Pomonok | $880K | $850K | -3.4% |
Housing Supply in Briarwood, NY
How many homes are available in Briarwood, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 106 | +20.5% |
Summary: The Briarwood real estate market had 106 homes for sale in April 2024, a 20.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 42 | +27.3% |
2 Bedrooms | 30 | 36 | +20.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Briarwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Briarwood in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Briarwood, NY
How long does it take to sell a home in Briarwood, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 49 Days | -13.1% |
Summary: Homes in Briarwood had an average of 49 days on market in Apr 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Briarwood; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.