Is Howard Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Howard Beach has remained a Buyer's Market.
Housing Prices in Howard Beach, NY
How much do homes in Howard Beach, NY cost?
Median Sold Price
$725,000
$407/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Howard Beach was $725,000 in March 2024, the same as last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183.5K | $197.5K | +7.6% |
2 Bedrooms | $285K | $285K | 0.0% |
3 Bedrooms | $715K | $710K | -0.7% |
4 Bedrooms | $905K | $950K | +5.0% |
5+ Bedrooms | $1.0M | $989.4K | -2.3% |
Summary: Howard Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
Howard Beach | $725K | $725K | 0.0% |
Southwestern Queens | $714K | $690.4K | -3.3% |
Lindenwood | $294K | $260K | -11.6% |
Housing Supply in Howard Beach, NY
How many homes are available in Howard Beach, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 87 | -1.1% |
Summary: The Howard Beach real estate market had 87 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 27 | 24 | -11.1% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Howard Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Howard Beach in March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Howard Beach, NY
How long does it take to sell a home in Howard Beach, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 116 Days | +37.2% |
Summary: Homes in Howard Beach had an average of 116 days on market in Mar 2024, up by 37.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Howard Beach; 17% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.