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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedarhurst is a buyer's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Cedarhurst, NY cost?

Median Sold Price

$580,000

$426/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$160,000(-21.6%)

Key Takeaway

Homes in Cedarhurst have sold for 21.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $222K$219K
-1.4%
2 $349K$337.5K
-3.3%
3 $625K$610K
-2.4%
4 $891K$1.1M
+33.0%
5+ $1.0M$1.1M
+11.1%

How many homes are available in Cedarhurst, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
3029-3.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 32
-33.3%
2 22
0.0%
3 65
-16.7%
4 88
0.0%
5+ 1112
+9.1%

Number of Homes Sold

Sep 2022Oct 2022%
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedarhurst, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
72 Days153 Days+111.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cedarhurst are selling fast, if you're buying plan to act quickly.

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

About Cedarhurst, NY

Cedarhurst, NY has 29 homes for sale to choose from. The number of listings in Cedarhurst, NY decreased by 3.3% between September 2022 and October 2022. While the average time on the market in October 2022 was 153 days, the median list price was $580,000. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties became 1.4% more cheaper, 2 bedrooms properties became 3.3% more cheaper, prices of 3 bedrooms properties decreased by 2.4%, 4 bedrooms properties prices increased by 33%, prices of 5 bedrooms properties increased by 11.1%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 33.3%, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 16.7%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes went up by 9.1%. While more than 0 listings in Cedarhurst, NY in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

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