Is Lynbrook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lynbrook was a Seller'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 March 2023
Summary: The median home sold price in Lynbrook was $650,000 in March 2024, up 8.3% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $302K | +7.9% |
2 Bedrooms | $390K | $410K | +5.1% |
3 Bedrooms | $600K | $660K | +10.0% |
4 Bedrooms | $648K | $710K | +9.6% |
5+ Bedrooms | $755K | $830K | +9.9% |
Summary: Lynbrook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
Lynbrook | $600K | $650K | +8.3% |
Valley Stream | $640K | $654K | +2.2% |
Rockville Centre | $750.3K | $735K | -2.0% |
East Rockaway | $615K | $585K | -4.9% |
Malverne | $704.5K | $668K | -5.2% |
Housing Supply in Lynbrook, NY
How many homes are available in Lynbrook, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 68 | +6.3% |
Summary: The Lynbrook real estate market had 68 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Lynbrook housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lynbrook in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 94 Days | +29.0% |
Summary: Homes in Lynbrook had an average of 94 days on market in Mar 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Lynbrook; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.