Is Glen Cove, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glen Cove is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Glen Cove was a Seller's Market.

Key Takeaway

Glen Cove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Glen Cove, NY cost?

Median Sold Price

$649,700

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$4,700(+0.7%)

Key Takeaway

Homes in Glen Cove have sold for 0.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $236.5K$265.5K
+12.3%
2 $472K$475K
+0.6%
3 $587.5K$627.5K
+6.8%
4 $695K$750.5K
+8.0%
5+ $747.5K$902K
+20.7%

Median Sold Price Compared To Nearby Cities

Lattingtown
+46.0%
Oyster Bay
+6.9%
Glen Cove
+0.7%
Sea Cliff
-4.3%

How many homes are available in Glen Cove, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
161156-3.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1313
0.0%
2 2828
0.0%
3 3833
-13.2%
4 3432
-5.9%
5+ 4850
+4.2%

Number of Homes Sold

Aug 2022Sep 2022%
2524-4.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glen Cove, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
50 Days64 Days+28.4%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Glen Cove 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 Glen Cove, NY

Glen Cove, NY has 156 homes on the market. In September 2022 in Glen Cove, NY there were 3.1% less homes for sale than in August 2022. In September 2022 median list price was $649,700 and the average listing age was 64 days. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 12.3%, prices of 2 bedrooms properties went up by 0.6%, 3 bedrooms properties prices increased by 6.8%, prices of 4 bedrooms properties went up by 8%, prices of 5 bedrooms properties went up by 20.7%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 13.2% less available, 4 bedrooms homes inventory decreased by 5.9%, volume of 5 bedrooms homes went up by 4.2%. Glen Cove, NY housing market in September 2022 saw over 10 listings sold above listed price, more than 4 sold at listed price and over 10 sold below.

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