Is Malverne, 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, Malverne was a Neutral Market.
Key Takeaway
Malverne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malverne, NY
How much do homes in Malverne, NY cost?
Median Sold Price
$668,000
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Malverne have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Malverne was $668,000 in March 2024, down 5.2% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $600K | $600K | 0.0% |
| 3 Bedrooms | $717K | $655.6K | -8.6% |
| 4 Bedrooms | $692.5K | $673K | -2.8% |
| 5+ Bedrooms | $772K | $835K | +8.2% |
Summary: Malverne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Lynbrook | $600K | $650K | +8.3% |
| Valley Stream | $640K | $654K | +2.2% |
| Malverne | $704.5K | $668K | -5.2% |
Housing Supply in Malverne, NY
How many homes are available in Malverne, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Summary: The Malverne real estate market had 23 homes for sale in March 2024, a 11.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Malverne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malverne, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Malverne in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Malverne, NY
How long does it take to sell a home in Malverne, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 59 Days | +140.8% |
Summary: Homes in Malverne had an average of 59 days on market in Mar 2024, up by 140.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Malverne are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Malverne; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.