Is Elmont, 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, Elmont has remained a Buyer's Market.
Key Takeaway
Elmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmont, NY
How much do homes in Elmont, NY cost?
Median Sold Price
$636,500
$437/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Elmont have sold for 1% more than they did a year ago.
Summary: The median home sold price in Elmont was $636,500 in April 2024, up 1% from last year, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $305K | -11.6% |
| 2 Bedrooms | $485K | $475K | -2.1% |
| 3 Bedrooms | $592.5K | $615K | +3.8% |
| 4 Bedrooms | $640K | $645K | +0.8% |
| 5+ Bedrooms | $749K | $823.2K | +9.9% |
Summary: Elmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Franklin Square | $660K | $725K | +9.8% |
| North Valley Stream | $610K | $650K | +6.6% |
| Town of Hempstead | $639.7K | $659.5K | +3.1% |
| Elmont | $630K | $636.5K | +1.0% |
Housing Supply in Elmont, NY
How many homes are available in Elmont, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 107 | +11.5% |
Summary: The Elmont real estate market had 107 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 46 | 48 | +4.3% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Elmont 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 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmont, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Elmont in April 2024, up by 87.5% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.
Days on Market for Elmont, NY
How long does it take to sell a home in Elmont, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 47 Days | -31.3% |
Summary: Homes in Elmont had an average of 47 days on market in Apr 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elmont are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Elmont; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.