Is Long 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, Long Beach has remained a Buyer's Market.
Housing Prices in Long Beach, NY
How much do homes in Long Beach, NY cost?
Median Sold Price
$662,500
$506/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Long Beach was $662,500 in March 2024, up 0.4% from last year, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $396.5K | $415K | +4.7% |
2 Bedrooms | $616.5K | $615K | -0.2% |
3 Bedrooms | $705K | $775.5K | +10.0% |
4 Bedrooms | $880K | $910K | +3.4% |
5+ Bedrooms | $950K | $1.1M | +17.1% |
Summary: Long Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 17.1%.
Housing Supply in Long Beach, NY
How many homes are available in Long Beach, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
179 | 206 | +15.1% |
Summary: The Long Beach real estate market had 206 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 41 | 45 | +9.8% |
2 Bedrooms | 37 | 43 | +16.2% |
3 Bedrooms | 44 | 51 | +15.9% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The Long Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Long Beach in March 2024, up by 75.0% month-over-month. Of the 21 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for Long Beach, NY
How long does it take to sell a home in Long Beach, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 82 Days | -5.2% |
Summary: Homes in Long Beach had an average of 82 days on market in Mar 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Long Beach; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.