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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briarwood is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Briarwood has remained a Buyer's Market.

Key Takeaway

Briarwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$3,750(+1.2%)

Key Takeaway

Homes in Briarwood have sold for 1.2% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $225K$225.8K
0.4%
2 $289K$308K
+6.6%
3 $759.3K$750K
-1.2%
4 $982K$885.7K
-9.8%
5+ $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
+10.7%
Briarwood
+1.2%
Pomonok
-3.4%

Housing Supply in Briarwood, NY

How many homes are available in Briarwood, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
88106+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

# BEDSMar 2024Apr 2024CHANGE
1 3342
+27.3%
2 3036
+20.0%
3 1115
+36.4%
4 65
-16.7%
5+ 88
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 2024Apr 2024CHANGE
25+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briarwood, you could pay more than the asking price. 60% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
56 Days49 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 6 Days Ago

Newest Listings in Briarwood, NY

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