Is Old Westbury, 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, Old Westbury has remained a Buyer's Market.
Key Takeaway
Old Westbury is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Westbury, NY
How much do homes in Old Westbury, NY cost?
Median Sold Price
$2,419,950
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Old Westbury have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Old Westbury was $2,419,950 in March 2024, down 6.7% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $910K | $1.7M | +91.2% |
| 4 Bedrooms | $1.9M | $1.6M | -19.5% |
| 5+ Bedrooms | $3.1M | $2.7M | -14.9% |
Summary: Old Westbury 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 did not change, 3 bedroom homes increased by 91.2%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
| East Hills | $1.3M | $1.5M | +10.3% |
| Westbury | $649.9K | $695K | +6.9% |
| North Hempstead | $888.5K | $919.2K | +3.4% |
| Old Westbury | $2.5M | $2.4M | -6.7% |
Housing Supply in Old Westbury, NY
How many homes are available in Old Westbury, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Old Westbury real estate market had 34 homes for sale in March 2024, a 8.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 35 | 33 | -5.7% |
Summary: The Old Westbury 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 remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Westbury, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Old Westbury in March 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Westbury, NY
How long does it take to sell a home in Old Westbury, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 161 Days | +364.4% |
Summary: Homes in Old Westbury had an average of 161 days on market in Mar 2024, up by 364.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Old Westbury are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Old Westbury; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.