Is Lindenhurst, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lindenhurst is a seller's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Lindenhurst was a Neutral Market.

Key Takeaway

Lindenhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lindenhurst, NY

How much do homes in Lindenhurst, NY cost?

Median Sold Price

$556,333

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$26,333(+5.0%)

Key Takeaway

Homes in Lindenhurst have sold for 5% more than they did a year ago.

Summary: The median home sold price in Lindenhurst was $556,333 in January 2024, up 5% from last year, and the median price per square foot was $335.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $365K$250K
-31.5%
2 $440K$450K
+2.3%
3 $520K$535K
+2.9%
4 $550K$575K
+4.5%
5+ $615K$625K
+1.6%

Summary: Lindenhurst housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 1.6%.

Housing Supply in Lindenhurst, NY

How many homes are available in Lindenhurst, NY?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1381380.0%

Summary: The Lindenhurst real estate market had 138 homes for sale in January 2024, the same as December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 5044
-12.0%
4 5053
+6.0%
5+ 3031
+3.3%

Summary: The Lindenhurst housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 3.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2726-3.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lindenhurst, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Lindenhurst in January 2024, down by 3.7% month-over-month. Of the 26 sold homes, 31% were sold under asking, 12% were sold at asking, and 58% were sold over asking.

Days on Market for Lindenhurst, NY

How long does it take to sell a home in Lindenhurst, NY?

Average Sale Time

Jan 2023Jan 2024CHANGE
46 Days49 Days+6.5%

Summary: Homes in Lindenhurst had an average of 49 days on market in Jan 2024, up by 6.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lindenhurst are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 26 homes were sold in Lindenhurst; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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