Is Homestead Heights, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Homestead Heights was a Buyer's Market.
Key Takeaway
Homestead Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homestead Heights, NY
How much do homes in Homestead Heights, NY cost?
Median Sold Price
$141,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Homestead Heights have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Homestead Heights was $141,000 in April 2024, down 0.9% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $141.1K | +56.8% |
| 3 Bedrooms | $145K | $141K | -2.8% |
| 4 Bedrooms | $144.5K | $137.5K | -4.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Homestead Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Northland Lyceum | $130K | $160K | +23.1% |
| Homestead Heights | $142.2K | $141K | -0.9% |
| North Marketview Heights | $79K | $70K | -11.4% |
| Beechwood | $110.2K | $90K | -18.4% |
Housing Supply in Homestead Heights, NY
How many homes are available in Homestead Heights, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Summary: The Homestead Heights real estate market had 6 homes for sale in April 2024, a 53.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 3 | -62.5% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Homestead Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 62.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead Heights, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Homestead Heights in April 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Homestead Heights, NY
How long does it take to sell a home in Homestead Heights, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 6 Days | -25.0% |
Summary: Homes in Homestead Heights had an average of 6 days on market in Apr 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homestead Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Homestead Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
