Is Farmingdale, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Farmingdale was a Seller's Market.
Housing Prices in Farmingdale, NY
How much do homes in Farmingdale, NY cost?
Median Sold Price
$600,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Farmingdale was $600,000 in February 2024, up 6.2% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $280K | +7.7% |
2 Bedrooms | $439K | $450K | +2.5% |
3 Bedrooms | $589K | $606K | +2.9% |
4 Bedrooms | $599.5K | $639K | +6.6% |
5+ Bedrooms | $670K | $655K | -2.2% |
Summary: Farmingdale housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Farmingdale | $565K | $600K | +6.2% |
Farmingdale | $565K | $600K | +6.2% |
Oyster Bay | $721.4K | $760.4K | +5.4% |
Huntington | $730.7K | $751K | +2.8% |
Housing Supply in Farmingdale, NY
How many homes are available in Farmingdale, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
80 | 91 | +13.8% |
Summary: The Farmingdale real estate market had 91 homes for sale in February 2024, a 13.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 33 | 36 | +9.1% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Farmingdale housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Farmingdale in February 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 81 Days | +21.4% |
Summary: Homes in Farmingdale had an average of 81 days on market in Feb 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Farmingdale; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.