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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lynbrook is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Lynbrook was a Seller's Market.

Key Takeaway

Lynbrook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Lynbrook, NY cost?

Median Sold Price

$600,000

$379/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$40,000(+7.1%)

Key Takeaway

Homes in Lynbrook have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $262K$275K
+5.0%
2 $365K$402.5K
+10.3%
3 $565K$601.7K
+6.5%
4 $643.5K$656.5K
+2.0%
5+ $715K$718.6K
0.5%

Median Sold Price Compared To Nearby Cities

East Rockaway
+11.3%
Malverne
+10.1%
Valley Stream
+9.7%
Lynbrook
+7.1%
Rockville Centre
+5.1%

How many homes are available in Lynbrook, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
9488-6.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1415
+7.1%
2 107
-30.0%
3 3937
-5.1%
4 2118
-14.3%
5+ 1011
+10.0%

Number of Homes Sold

Oct 2022Nov 2022%
1910-47.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynbrook, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
51 Days32 Days-38.1%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Lynbrook, NY

Homes for sale in Lynbrook, NY have reached 88. The inventory of homes for sale in Lynbrook, NY between October 2022 and November 2022 decreased by 6.4%. Listings spent 32 days on the market in November 2022, and had a median list price of $600,000 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 5%, prices of 2 bedrooms properties increased by 10.3%, 3 bedrooms properties prices increased by 6.5%, prices of 4 bedrooms properties went up by 2%, the cost of 5 bedrooms properties went up by 0.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 7.1%, number of 2 bedrooms homes decreased by 30%, volume of 3 bedrooms homes went down by 5.1%, the quantity of 4 bedrooms homes went down by 14.3%, 5 bedrooms homes inventory increased by 10%. Lynbrook, NY housing market in November 2022 saw over 3 listings sold above listed price, more than 2 sold at listed price and over 5 sold below.

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