Is Mineola, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineola is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Mineola has remained a Seller's Market.

Key Takeaway

Mineola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Mineola, NY cost?

Median Sold Price

$645,000

$429/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$60,000(+10.3%)

Key Takeaway

Homes in Mineola have sold for 10.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $274.9K$289K
+5.1%
2 $398.7K$375K
-6.0%
3 $605K$680K
+12.4%
4 $675K$694K
+2.8%
5+ $773.5K$850K
+9.9%

Median Sold Price Compared To Nearby Cities

Mineola
+10.3%
Garden City
+7.4%
North Hempstead
+3.1%
Williston Park
-3.1%

How many homes are available in Mineola, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
8380-3.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1615
-6.3%
2 79
+28.6%
3 2118
-14.3%
4 3736
-2.7%
5+ 22
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
1417+21.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineola, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
29 Days40 Days+37.5%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mineola has remained consistent over time.

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

About Mineola, NY

Number of homes for sale in Mineola, NY real estate market have reached 80. The number of homes for sale in Mineola, NY decreased by 3.6% between September 2022 and October 2022. In October 2022, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $645,000. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 5.1% more expensive, 2 bedrooms properties became 6% more cheaper, 3 bedrooms properties became 12.4% more expensive, prices of 4 bedrooms properties increased by 2.8%, 5 bedrooms properties became 9.9% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes became 6.3% less available, the quantity of 2 bedrooms homes went up by 28.6%, 3 bedrooms homes inventory decreased by 14.3%, number of 4 bedrooms homes decreased by 2.7%, the quantity of 5 bedrooms homes have not changed. Mineola, NY housing market in October 2022 saw over 2 listings sold above listed price, more than 5 sold at listed price and over 10 sold below.

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