Is Coram, 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, Coram was a Seller's Market.
Housing Prices in Coram, NY
How much do homes in Coram, NY cost?
Median Sold Price
$435,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coram was $435,000 in March 2024, up 3.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178K | $197.5K | +11.0% |
2 Bedrooms | $335K | $355K | +6.0% |
3 Bedrooms | $469K | $475K | +1.3% |
4 Bedrooms | $525K | $560K | +6.7% |
5+ Bedrooms | $569K | $607.5K | +6.8% |
Summary: Coram housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
Middle Island | $340K | $385K | +13.2% |
Gordon Heights | $415K | $450K | +8.4% |
Selden | $465K | $500K | +7.5% |
Terryville | $500K | $536K | +7.2% |
Coram | $420K | $435K | +3.6% |
Housing Supply in Coram, NY
How many homes are available in Coram, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
158 | 177 | +12.0% |
Summary: The Coram real estate market had 177 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 17 | 0.0% |
2 Bedrooms | 34 | 46 | +35.3% |
3 Bedrooms | 47 | 51 | +8.5% |
4 Bedrooms | 39 | 40 | +2.6% |
5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Coram 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 35.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Coram in March 2024, up by 5.3% month-over-month. Of the 20 sold homes, 25% were sold under asking, 5% were sold at asking, and 70% were sold over asking.
Days on Market for Coram, NY
How long does it take to sell a home in Coram, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 54 Days | +5.9% |
Summary: Homes in Coram had an average of 54 days on market in Mar 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Coram; 60% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.