Is Marine Park, 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, Marine Park has remained a Buyer's Market.
Key Takeaway
Marine Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marine Park, NY
How much do homes in Marine Park, NY cost?
Median Sold Price
$780,500
$568/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Marine Park has remained the same since last year.
Summary: The median home sold price in Marine Park was $780,500 in April 2024, up 0.1% from last year, and the median price per square foot was $568.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $370K | $221.5K | -40.1% |
| 2 Bedrooms | $690K | $625K | -9.4% |
| 3 Bedrooms | $780K | $780K | 0.0% |
| 4 Bedrooms | $848K | $890K | +5.0% |
| 5+ Bedrooms | $999.8K | $1.1M | +15.0% |
Summary: Marine Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.1%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Neighborhoods
| Marine Park | $780K | $780.5K | 0.1% |
| Southeastern Brooklyn | $760K | $737.3K | -3.0% |
| Flatlands | $706K | $672.5K | -4.7% |
| Mill Basin | $850K | $810K | -4.7% |
Housing Supply in Marine Park, NY
How many homes are available in Marine Park, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The Marine Park real estate market had 47 homes for sale in April 2024, a 7.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Marine Park housing inventory by bedroom type for April 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 5.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 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 Marine Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Marine Park in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marine Park, NY
How long does it take to sell a home in Marine Park, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 97 Days | 64 Days | -34.3% |
Summary: Homes in Marine Park had an average of 64 days on market in Apr 2024, down by 34.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marine Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Marine Park; 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.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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