Is Flatlands, 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, Flatlands has remained a Buyer's Market.
Housing Prices in Flatlands, NY
How much do homes in Flatlands, NY cost?
Median Sold Price
$672,500
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Flatlands was $672,500 in April 2024, down 4.7% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $195K | -13.3% |
2 Bedrooms | $280K | $530K | +89.3% |
3 Bedrooms | $720K | $670K | -6.9% |
4 Bedrooms | $745K | $789K | +5.9% |
5+ Bedrooms | $996.5K | $999.5K | 0.3% |
Summary: Flatlands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 89.3%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
Marine Park | $780K | $780.5K | 0.1% |
Farragut | $697.5K | $690K | -1.1% |
Southeastern Brooklyn | $760K | $737.3K | -3.0% |
Flatlands | $706K | $672.5K | -4.7% |
Housing Supply in Flatlands, NY
How many homes are available in Flatlands, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 120 | +1.7% |
Summary: The Flatlands real estate market had 120 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 31 | 30 | -3.2% |
3 Bedrooms | 44 | 45 | +2.3% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Flatlands 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 decreased by 3.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Flatlands in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Flatlands, NY
How long does it take to sell a home in Flatlands, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
128 Days | 110 Days | -14.2% |
Summary: Homes in Flatlands had an average of 110 days on market in Apr 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Flatlands; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.