Is Merrick, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Merrick was a Buyer's Market.
Housing Prices in Merrick, NY
How much do homes in Merrick, NY cost?
Median Sold Price
$783,750
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Merrick was $783,750 in April 2024, up 3.3% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $500K | N/A |
2 Bedrooms | $557K | $505K | -9.3% |
3 Bedrooms | $625K | $672.5K | +7.6% |
4 Bedrooms | $830K | $830K | 0.0% |
5+ Bedrooms | $865K | $905K | +4.6% |
Summary: Merrick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
North Bellmore | $685K | $715K | +4.4% |
Bellmore | $675K | $700K | +3.7% |
Merrick | $758.7K | $783.7K | +3.3% |
Town of Hempstead | $639.7K | $659.5K | +3.1% |
North Merrick | $707K | $720K | +1.8% |
Housing Supply in Merrick, NY
How many homes are available in Merrick, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 79 | +6.8% |
Summary: The Merrick real estate market had 79 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 41 | 40 | -2.4% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Merrick 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 increased by 26.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Merrick in April 2024, the same as the previous month. Of the 14 sold homes, 14% were sold under asking, 21% were sold at asking, and 64% were sold over asking.
Days on Market for Merrick, NY
How long does it take to sell a home in Merrick, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
101 Days | 41 Days | -58.7% |
Summary: Homes in Merrick had an average of 41 days on market in Apr 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Merrick; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.