Is New Utrecht, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Utrecht has remained a Buyer's Market.
Key Takeaway
New Utrecht is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Utrecht, NY
How much do homes in New Utrecht, NY cost?
Median Sold Price
$999,000
$604/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in New Utrecht have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in New Utrecht was $999,000 in March 2024, down 4.9% from last year, and the median price per square foot was $604.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $340K | 0.0% |
| 2 Bedrooms | $597.4K | $547K | -8.4% |
| 3 Bedrooms | $999K | $999K | 0.0% |
| 4 Bedrooms | $1.2M | $1.2M | 0.2% |
| 5+ Bedrooms | $1.5M | $1.5M | +1.7% |
Summary: New Utrecht housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Bay Ridge | $985K | $1.0M | +5.1% |
| Fort Hamilton | $539K | $515K | -4.5% |
| New Utrecht | $1.0M | $999K | -4.9% |
| Dyker Heights | $1.2M | $1.2M | -7.5% |
Housing Supply in New Utrecht, NY
How many homes are available in New Utrecht, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 617 | 642 | +4.1% |
Summary: The New Utrecht real estate market had 642 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 125 | 125 | 0.0% |
| 2 Bedrooms | 117 | 118 | +0.9% |
| 3 Bedrooms | 99 | 106 | +7.1% |
| 4 Bedrooms | 61 | 68 | +11.5% |
| 5+ Bedrooms | 215 | 225 | +4.7% |
Summary: The New Utrecht housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 68 | +51.1% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Utrecht, you may be able to get a good deal. 66.2% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in New Utrecht in March 2024, up by 51.1% month-over-month. Of the 68 sold homes, 66% were sold under asking, 16% were sold at asking, and 18% were sold over asking.
Days on Market for New Utrecht, NY
How long does it take to sell a home in New Utrecht, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 99 Days | 100 Days | +1.4% |
Summary: Homes in New Utrecht had an average of 100 days on market in Mar 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in New Utrecht are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 68 homes were sold in New Utrecht; 15% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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