Is Island Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Island Park was a Seller's Market.
Housing Prices in Island Park, NY
How much do homes in Island Park, NY cost?
Median Sold Price
$642,500
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Island Park was $642,500 in February 2024, up 3.8% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $475K | $630K | +32.6% |
3 Bedrooms | $619.5K | $640K | +3.3% |
4 Bedrooms | $622.5K | $630K | +1.2% |
5+ Bedrooms | $759.5K | $830K | +9.3% |
Summary: Island Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in Island Park, NY
How many homes are available in Island Park, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The Island Park real estate market had 30 homes for sale in February 2024, a 15.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Island Park housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Island Park in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Island Park, NY
How long does it take to sell a home in Island Park, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
30 Days | 50 Days | +64.8% |
Summary: Homes in Island Park had an average of 50 days on market in Feb 2024, up by 64.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Island Park; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.