Is Martin Luther King Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Martin Luther King Park has remained a Seller's Market.
Housing Prices in Martin Luther King Park, NY
How much do homes in Martin Luther King Park, NY cost?
Median Sold Price
$139,750
$87/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Martin Luther King Park was $139,750 in April 2024, down 39.2% from last month, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $230K | $148.5K | -35.4% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $142.5K | $131K | -8.1% |
Summary: Martin Luther King Park housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 35.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in Martin Luther King Park, NY
How many homes are available in Martin Luther King Park, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Summary: The Martin Luther King Park real estate market had 6 homes for sale in April 2024, a 33.3% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Martin Luther King 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 remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Martin Luther King Park in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Martin Luther King Park, NY
How long does it take to sell a home in Martin Luther King Park, NY?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 37 Days | +37.0% |
Summary: Homes in Martin Luther King Park had an average of 37 days on market in Apr 2024, up by 37% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Martin Luther King Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.