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 Buyer's Market.
Housing Prices in Floral Park, NY
How much do homes in Floral Park, NY cost?
Median Sold Price
$760,000
$534/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 $760,000 in March 2024, up 4.1% from last year, and the median price per square foot was $534.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246.7K | $285K | +15.5% |
2 Bedrooms | $385K | $373K | -3.1% |
3 Bedrooms | $770K | $746K | -3.1% |
4 Bedrooms | $800K | $840K | +5.0% |
5+ Bedrooms | $984.5K | $1.0M | +5.4% |
Summary: Floral Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
North New Hyde Park | $760K | $799K | +5.1% |
Floral Park | $730K | $760K | +4.1% |
Town of North Hempstead | $884.6K | $914.3K | +3.4% |
Northeastern Queens | $733.8K | $717.8K | -2.2% |
Glen Oaks | $380K | $340K | -10.5% |
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 |
---|---|---|
60 | 59 | -1.7% |
Summary: The Floral Park real estate market had 59 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Floral Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Floral Park in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% 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 |
---|---|---|
80 Days | 92 Days | +15.7% |
Summary: Homes in Floral Park had an average of 92 days on market in Mar 2024, up by 15.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Floral Park; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.