Is Mineola, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mineola was a Buyer's Market.
Key Takeaway
Mineola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mineola, NY
How much do homes in Mineola, NY cost?
Median Sold Price
$660,000
$463/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mineola have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Mineola was $660,000 in March 2024, up 1.5% from last year, and the median price per square foot was $463.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $295K | -1.7% |
| 2 Bedrooms | $375K | $427.5K | +14.0% |
| 3 Bedrooms | $690K | $680K | -1.4% |
| 4 Bedrooms | $700K | $745K | +6.4% |
| 5+ Bedrooms | $784.4K | $765K | -2.5% |
Summary: Mineola housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Garden City | $970K | $1.0M | +9.4% |
| Williston Park | $754.5K | $823K | +9.1% |
| North Hempstead | $888.5K | $919.2K | +3.4% |
| Mineola | $650K | $660K | +1.5% |
Housing Supply in Mineola, NY
How many homes are available in Mineola, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 58 | 0.0% |
Summary: The Mineola real estate market had 58 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 15 | -6.3% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Mineola housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mineola, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Mineola in March 2024, down by 6.7% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Mineola, NY
How long does it take to sell a home in Mineola, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 126 Days | +3.5% |
Summary: Homes in Mineola had an average of 126 days on market in Mar 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mineola are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 14 homes were sold in Mineola; 7% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.