Is City of Glen Cove, 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, City of Glen Cove has remained a Buyer's Market.
Housing Prices in City of Glen Cove, NY
How much do homes in City of Glen Cove, NY cost?
Median Sold Price
$663,750
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in City of Glen Cove was $663,750 in April 2024, up 7.1% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $283K | +4.8% |
2 Bedrooms | $530K | $410K | -22.6% |
3 Bedrooms | $599K | $655K | +9.3% |
4 Bedrooms | $670K | $760K | +13.4% |
5+ Bedrooms | $875K | $857.5K | -2.0% |
Summary: City of Glen Cove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
Locust Valley | $799.9K | $870.5K | +8.8% |
City of Glen Cove | $620K | $663.7K | +7.1% |
Town of Oyster Bay | $728.4K | $768K | +5.4% |
Glen Head | $930K | $890K | -4.3% |
Housing Supply in City of Glen Cove, NY
How many homes are available in City of Glen Cove, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 108 | +2.9% |
Summary: The City of Glen Cove real estate market had 108 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 23 | 25 | +8.7% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 33 | 31 | -6.1% |
5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The City of Glen Cove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in City of Glen Cove in April 2024, down by 38.9% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for City of Glen Cove, NY
How long does it take to sell a home in City of Glen Cove, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 72 Days | +61.6% |
Summary: Homes in City of Glen Cove had an average of 72 days on market in Apr 2024, up by 61.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in City of Glen Cove; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.