Is Floral Park, 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, Floral Park was a Neutral Market.
Housing Prices in Floral Park, NY
How much do homes in Floral Park, NY cost?
Median Sold Price
$678,333
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Floral Park was $678,333 in March 2024, down 2.6% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $319K | -1.8% |
2 Bedrooms | $572.5K | $550K | -3.9% |
3 Bedrooms | $721.7K | $725K | 0.5% |
4 Bedrooms | $757.5K | $820K | +8.3% |
5+ Bedrooms | $925K | $970K | +4.9% |
Summary: Floral Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
New Hyde Park | $780K | $809.3K | +3.8% |
Bellerose | $705K | $705K | 0.0% |
Floral Park | $696.4K | $678.3K | -2.6% |
Housing Supply in Floral Park, NY
How many homes are available in Floral Park, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
142 | 159 | +12.0% |
Summary: The Floral Park real estate market had 159 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 53 | 57 | +7.5% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 36 | 42 | +16.7% |
4 Bedrooms | 21 | 29 | +38.1% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Floral Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 15 | -21.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Floral Park in March 2024, down by 21.1% month-over-month. Of the 15 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Floral Park, NY
How long does it take to sell a home in Floral Park, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
107 Days | 83 Days | -21.9% |
Summary: Homes in Floral Park had an average of 83 days on market in Mar 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Floral Park; 27% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.