Is East Meadow, 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 Meadow has remained a Buyer's Market.
Key Takeaway
East Meadow is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Meadow, NY
How much do homes in East Meadow, NY cost?
Median Sold Price
$690,000
$441/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Meadow have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in East Meadow was $690,000 in April 2024, up 5.3% from last year, and the median price per square foot was $441.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $542.7K | $539K | -0.7% |
| 3 Bedrooms | $649.7K | $690K | +6.2% |
| 4 Bedrooms | $699K | $720K | +3.0% |
| 5+ Bedrooms | $775K | $825K | +6.5% |
Summary: East Meadow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| East Garden City | $740K | $847.5K | +14.5% |
| Salisbury | $650K | $707.5K | +8.8% |
| Barnum Woods | $675K | $730K | +8.1% |
| East Meadow | $655K | $690K | +5.3% |
Housing Supply in East Meadow, NY
How many homes are available in East Meadow, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 104 | 106 | +1.9% |
Summary: The East Meadow real estate market had 106 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The East Meadow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Meadow, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in East Meadow in April 2024, down by 22.2% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for East Meadow, NY
How long does it take to sell a home in East Meadow, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 38 Days | -9.8% |
Summary: Homes in East Meadow had an average of 38 days on market in Apr 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Meadow are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in East Meadow; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.