Is Mill Neck, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mill Neck is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Mill Neck has remained a Buyer's Market.

Key Takeaway

Mill Neck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Mill Neck, NY cost?

Median Sold Price

$2,400,000

$800/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$4,600,000(-65.7%)

Key Takeaway

Homes in Mill Neck have sold for 65.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 --
N/A
3 --
N/A
4 -$2.4M
N/A
5+ $7.0M-
N/A

Median Sold Price Compared To Nearby Cities

Upper Brookville
+18.9%
Mill Neck
-65.7%

How many homes are available in Mill Neck, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
19190.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 44
0.0%
5+ 1313
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mill Neck, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Sep 2022Oct 2022%
60 Days9 Days-85.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mill Neck are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mill Neck, NY

Mill Neck, NY has 19 homes for sale to choose from. In October 2022, listings were on the market for 9 days. During the same period, the median list price in this real estate market was $2,400,000. Listing prices have changed in this real estate market between October 2021 and October 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 0%, 3 bedrooms properties became 0% more expensive, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes remained the same, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes have not changed. While more than 1 listings in Mill Neck, NY in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.

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