Is North Merrick, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Merrick has remained a Buyer's Market.
Key Takeaway
North Merrick is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Merrick, NY
How much do homes in North Merrick, NY cost?
Median Sold Price
$720,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Merrick have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in North Merrick was $720,000 in April 2024, up 1.8% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $272.5K | N/A |
| 2 Bedrooms | $498.7K | $615K | +23.3% |
| 3 Bedrooms | $658.2K | $639K | -2.9% |
| 4 Bedrooms | $720K | $805K | +11.8% |
| 5+ Bedrooms | $862.5K | $945K | +9.6% |
Summary: North Merrick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Barnum Woods | $675K | $730K | +8.1% |
| East Meadow | $655K | $690K | +5.3% |
| North Bellmore | $685K | $715K | +4.4% |
| North Merrick | $707K | $720K | +1.8% |
Housing Supply in North Merrick, NY
How many homes are available in North Merrick, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Summary: The North Merrick real estate market had 41 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The North Merrick housing inventory by bedroom type for April 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 26.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Merrick, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in North Merrick in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for North Merrick, NY
How long does it take to sell a home in North Merrick, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 65 Days | +185.2% |
Summary: Homes in North Merrick had an average of 65 days on market in Apr 2024, up by 185.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Merrick has remained consistent over time.
Summary: During April 2024, 5 homes were sold in North Merrick; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally