Is East Farmingdale, 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, East Farmingdale has remained a Buyer's Market.
Key Takeaway
East Farmingdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Farmingdale, NY
How much do homes in East Farmingdale, NY cost?
Median Sold Price
$555,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Farmingdale have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in East Farmingdale was $555,000 in April 2024, up 3.3% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276K | $285K | +3.3% |
| 2 Bedrooms | $439K | $350K | -20.3% |
| 3 Bedrooms | $545K | $555K | +1.8% |
| 4 Bedrooms | $607.5K | $610K | 0.4% |
| 5+ Bedrooms | $699K | $652.5K | -6.7% |
Summary: East Farmingdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes decreased by 20.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Wyandanch | $430K | $470K | +9.3% |
| South Farmingdale | $600K | $636K | +6.0% |
| East Farmingdale | $537.5K | $555K | +3.3% |
| North Amityville | $460K | $468K | +1.7% |
| Old Bethpage | $850K | $862K | +1.4% |
Housing Supply in East Farmingdale, NY
How many homes are available in East Farmingdale, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The East Farmingdale real estate market had 30 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The East Farmingdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Farmingdale, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in East Farmingdale in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for East Farmingdale, NY
How long does it take to sell a home in East Farmingdale, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 12 Days | -48.6% |
Summary: Homes in East Farmingdale had an average of 12 days on market in Apr 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Farmingdale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in East Farmingdale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.