Is Farmingdale, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Farmingdale was a Neutral Market.
Housing Prices in Farmingdale, NY
How much do homes in Farmingdale, NY cost?
Median Sold Price
$610,000
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Farmingdale was $610,000 in March 2024, up 8.7% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $275K | +3.8% |
2 Bedrooms | $429.5K | $467.5K | +8.8% |
3 Bedrooms | $590K | $612.5K | +3.8% |
4 Bedrooms | $595K | $640K | +7.6% |
5+ Bedrooms | $643.5K | $661.5K | +2.8% |
Summary: Farmingdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Farmingdale | $561K | $610K | +8.7% |
Farmingdale | $561K | $610K | +8.7% |
Oyster Bay | $723.5K | $760.9K | +5.2% |
Housing Supply in Farmingdale, NY
How many homes are available in Farmingdale, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
96 | 97 | +1.0% |
Summary: The Farmingdale real estate market had 97 homes for sale in March 2024, a 1.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 23 | +43.8% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 27 | 22 | -18.5% |
4 Bedrooms | 37 | 37 | 0.0% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Farmingdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Farmingdale in March 2024, up by 31.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 60 Days | +13.9% |
Summary: Homes in Farmingdale had an average of 60 days on market in Mar 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Farmingdale; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.