Is Deer Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Deer Park has remained a Buyer's Market.
Housing Prices in Deer Park, NY
How much do homes in Deer Park, NY cost?
Median Sold Price
$563,500
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Deer Park was $563,500 in March 2024, up 4.4% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $414.5K | N/A |
2 Bedrooms | $320.7K | $430.5K | +34.2% |
3 Bedrooms | $516K | $546.5K | +5.9% |
4 Bedrooms | $580K | $611K | +5.3% |
5+ Bedrooms | $600K | $635K | +5.8% |
Summary: Deer Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
Wheatley Heights | $600K | $652.5K | +8.8% |
Baywood | $475K | $508.4K | +7.1% |
Wyandanch | $435K | $457.5K | +5.2% |
Deer Park | $540K | $563.5K | +4.4% |
North Babylon | $530K | $546K | +3.0% |
Housing Supply in Deer Park, NY
How many homes are available in Deer Park, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 90 | +15.4% |
Summary: The Deer Park real estate market had 90 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 39 | 40 | +2.6% |
4 Bedrooms | 19 | 24 | +26.3% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Deer Park 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 57.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Deer Park in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Deer Park, NY
How long does it take to sell a home in Deer Park, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 61 Days | -2.8% |
Summary: Homes in Deer Park had an average of 61 days on market in Mar 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Deer Park; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.