Is Floral Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Floral Park is a buyer's market

Buyer's
Market

Difference Since October 2021

Since last year, Floral Park has remained a Buyer's Market.

Key Takeaway

Floral Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Floral Park, NY cost?

Median Sold Price

$738,500

$462/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$68,500(+10.2%)

Key Takeaway

Homes in Floral Park have sold for 10.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $260K$242.5K
-6.7%
2 $420K$450K
+7.1%
3 $680K$731K
+7.5%
4 $702.5K$750K
+6.8%
5+ $812.5K$896.5K
+10.3%

Median Sold Price Compared To Nearby Cities

New Hyde Park
+13.2%
Floral Park
+10.2%

How many homes are available in Floral Park, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
6858-14.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 64
-33.3%
2 23
+50.0%
3 3432
-5.9%
4 1814
-22.2%
5+ 85
-37.5%

Number of Homes Sold

Sep 2022Oct 2022%
198-57.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Floral Park, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
26 Days24 Days-4.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Floral Park are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Floral Park, NY

Homes for sale in Floral Park, NY have reached 58. The number of homes for sale in Floral Park, NY decreased by 14.7% between September 2022 and October 2022. While the average time on the market in October 2022 was 24 days, the median list price was $738,500. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices decreased by 6.7%, prices of 2 bedrooms properties went up by 7.1%, 3 bedrooms properties prices increased by 7.5%, the cost of 4 bedrooms properties went up by 6.8%, prices of 5 bedrooms properties increased by 10.3%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 33.3%, number of 2 bedrooms homes increased by 50%, number of 3 bedrooms homes decreased by 5.9%, the quantity of 4 bedrooms homes went down by 22.2%, 5 bedrooms homes became 37.5% less available. In October 2022 more than 5 listings in Floral Park, NY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 3 were sold below.

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