Is Front Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Front Park was a Seller's Market.
Key Takeaway
Front Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Front Park, NY
How much do homes in Front Park, NY cost?
Median Sold Price
$377,500
$98/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Front Park have sold for 101.1% more than they did a month ago.
Summary: The median home sold price in Front Park was $377,500 in March 2024, up 101.1% from last month, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $189.9K | - | N/A |
| 4 Bedrooms | $150K | $225K | +50.0% |
| 5+ Bedrooms | $324K | $530K | +63.6% |
Summary: Front Park housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 63.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Front Park | $187.7K | $377.5K | +101.1% |
| Grant Ferry | $112.5K | $225K | +100.0% |
Housing Supply in Front Park, NY
How many homes are available in Front Park, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Summary: The Front Park real estate market had 31 homes for sale in March 2024, a 13.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 19 | 15 | -21.1% |
Summary: The Front Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Front Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Front Park in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Front Park, NY
How long does it take to sell a home in Front Park, NY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 24 Days | -38.7% |
Summary: Homes in Front Park had an average of 24 days on market in Mar 2024, down by 38.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Front Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Front Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
