Is Lynbrook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lynbrook has remained a Buyer's Market.
Housing Prices in Lynbrook, NY
How much do homes in Lynbrook, NY cost?
Median Sold Price
$650,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lynbrook was $650,000 in April 2024, up 6.6% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $304.5K | +8.8% |
2 Bedrooms | $390K | $407.5K | +4.5% |
3 Bedrooms | $600K | $660K | +10.0% |
4 Bedrooms | $665K | $705K | +6.0% |
5+ Bedrooms | $780K | $830K | +6.4% |
Summary: Lynbrook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Lynbrook | $610K | $650K | +6.6% |
Valley Stream | $640K | $660K | +3.1% |
Rockville Centre | $755K | $748.1K | -0.9% |
East Rockaway | $615K | $592K | -3.7% |
Malverne | $695K | $669K | -3.7% |
Housing Supply in Lynbrook, NY
How many homes are available in Lynbrook, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 83 | +16.9% |
Summary: The Lynbrook real estate market had 83 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 18 | +28.6% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Lynbrook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lynbrook in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Lynbrook, NY
How long does it take to sell a home in Lynbrook, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 61 Days | -10.9% |
Summary: Homes in Lynbrook had an average of 61 days on market in Apr 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Lynbrook; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.