Is Farmingdale, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Farmingdale has remained a Seller's Market.
Key Takeaway
Farmingdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Farmingdale, NY
How much do homes in Farmingdale, NY cost?
Median Sold Price
$613,123
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Farmingdale have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Farmingdale was $613,123 in June 2024, up 7.9% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.5K | $270K | +0.9% |
| 2 Bedrooms | $450K | $463K | +2.9% |
| 3 Bedrooms | $582.5K | $626.2K | +7.5% |
| 4 Bedrooms | $613.5K | $650K | +5.9% |
| 5+ Bedrooms | $654.5K | $688.7K | +5.2% |
Summary: Farmingdale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Oyster Bay | $723.9K | $787.9K | +8.8% |
| Farmingdale | $568.2K | $614.6K | +8.2% |
| Farmingdale | $568.2K | $613.1K | +7.9% |
Housing Supply in Farmingdale, NY
How many homes are available in Farmingdale, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 121 | 125 | +3.3% |
Summary: The Farmingdale real estate market had 125 homes for sale in June 2024, a 3.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 20 | -4.8% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Farmingdale housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmingdale, you could pay more than the asking price. 68.2% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Farmingdale in June 2024, the same as the previous month. Of the 22 sold homes, 23% were sold under asking, 9% were sold at asking, and 68% were sold over asking.
Days on Market for Farmingdale, NY
How long does it take to sell a home in Farmingdale, NY?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 44 Days | 19 Days | -55.5% |
Summary: Homes in Farmingdale had an average of 19 days on market in Jun 2024, down by 55.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Farmingdale are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 22 homes were sold in Farmingdale; 91% of homes were sold within 30 days, 9% 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. 
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. 
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.