Is Munsey Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Munsey Park is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Munsey Park was a Seller's Market.

Key Takeaway

Munsey Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Munsey Park, NY

How much do homes in Munsey Park, NY cost?

Median Sold Price

$1,955,000

$711/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$190,280(+10.8%)

Key Takeaway

Homes in Munsey Park have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Munsey Park was $1,955,000 in February 2024, up 10.8% from last year, and the median price per square foot was $711.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.6M$1.7M
+12.5%
4 $1.7M$1.9M
+13.5%
5+ $2.1M$3.5M
+63.2%

Summary: Munsey Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 63.2%.

Median Sold Price Compared To Nearby Cities

Munsey Park
+10.8%
North Hempstead
+2.4%
Flower Hill
-6.7%

Housing Supply in Munsey Park, NY

How many homes are available in Munsey Park, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
57+40.0%

Summary: The Munsey Park real estate market had 7 homes for sale in February 2024, a 40.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 23
+50.0%
5+ 34
+33.3%

Summary: The Munsey Park housing inventory by bedroom type for February 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 increased by 50%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
01+100.0%

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 Munsey Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Munsey Park in February 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Munsey Park, NY

How long does it take to sell a home in Munsey Park, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
68 Days26 Days-62.2%

Summary: Homes in Munsey Park had an average of 26 days on market in Feb 2024, down by 62.2% compared to last year.

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 Munsey Park are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Munsey Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Munsey Park, NY

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