Is North Bellmore, 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, North Bellmore has remained a Seller's Market.
Key Takeaway
North Bellmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Bellmore, NY
How much do homes in North Bellmore, NY cost?
Median Sold Price
$707,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Bellmore have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in North Bellmore was $707,000 in March 2024, up 3.3% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $259.5K | -8.0% |
| 2 Bedrooms | $510K | $515K | +1.0% |
| 3 Bedrooms | $631.1K | $660K | +4.6% |
| 4 Bedrooms | $710K | $749.5K | +5.6% |
| 5+ Bedrooms | $735K | $855K | +16.3% |
Summary: North Bellmore housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Barnum Woods | $690K | $725K | +5.1% |
| North Bellmore | $684.2K | $707K | +3.3% |
| East Meadow | $660K | $680K | +3.0% |
| North Merrick | $699K | $715K | +2.3% |
| Bellmore | $672.5K | $685K | +1.9% |
Housing Supply in North Bellmore, NY
How many homes are available in North Bellmore, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Summary: The North Bellmore real estate market had 56 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The North Bellmore 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Bellmore, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in North Bellmore in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for North Bellmore, NY
How long does it take to sell a home in North Bellmore, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 65 Days | +15.0% |
Summary: Homes in North Bellmore had an average of 65 days on market in Mar 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Bellmore are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in North Bellmore; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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.