Is Cambria Heights, 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, Cambria Heights was a Neutral Market.
Key Takeaway
Cambria Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cambria Heights, NY
How much do homes in Cambria Heights, NY cost?
Median Sold Price
$660,000
$486/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cambria Heights have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Cambria Heights was $660,000 in March 2024, down 1.3% from last year, and the median price per square foot was $486.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $169K | -4.8% |
| 2 Bedrooms | $570K | $540K | -5.3% |
| 3 Bedrooms | $654.5K | $640K | -2.2% |
| 4 Bedrooms | $690K | $722.5K | +4.7% |
| 5+ Bedrooms | $748.5K | $888K | +18.6% |
Summary: Cambria Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Cambria Heights | $669K | $660K | -1.3% |
| Elmont | $635K | $622.5K | -2.0% |
| Bellaire | $700K | $668K | -4.6% |
| Queens Village | $732K | $665.1K | -9.1% |
Housing Supply in Cambria Heights, NY
How many homes are available in Cambria Heights, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 141 | 154 | +9.2% |
Summary: The Cambria Heights real estate market had 154 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 50 | 58 | +16.0% |
| 4 Bedrooms | 51 | 51 | 0.0% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Cambria Heights 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 13.3%, 3 bedroom homes increased by 16%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cambria Heights, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Cambria Heights in March 2024, the same as the previous month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Cambria Heights, NY
How long does it take to sell a home in Cambria Heights, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 112 Days | +53.4% |
Summary: Homes in Cambria Heights had an average of 112 days on market in Mar 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cambria Heights are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 13 homes were sold in Cambria Heights; 15% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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