Is Old Westbury, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Westbury is a buyer's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Old Westbury, NY cost?

Median Sold Price

$2,495,000

$500/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$532,500(+27.1%)

Key Takeaway

Homes in Old Westbury have sold for 27.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 --
N/A
3 $865K$822.5K
-4.9%
4 $1.3M$1.7M
+36.1%
5+ $2.2M$2.8M
+28.1%

Median Sold Price Compared To Nearby Cities

Old Westbury
+27.1%
Westbury
+14.7%
East Hills
+11.4%
North Hempstead
+3.1%
Brookville
+2.1%

How many homes are available in Old Westbury, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
5758+1.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 56
+20.0%
4 87
-12.5%
5+ 4445
+2.3%

Number of Homes Sold

Sep 2022Oct 2022%
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Oct 2021Oct 2022%
39 Days58 Days+49.6%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Old Westbury has remained consistent over time.

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

About Old Westbury, NY

Old Westbury, NY has 58 homes for sale to choose from. The number of homes for sale in Old Westbury, NY increased by 1.8% between September 2022 and October 2022. The median list price of listings available in October 2022 was $2,495,000, while the average time on the real estate market was 58 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went down by 4.9%, 4 bedrooms properties prices increased by 36.1%, 5 bedrooms properties became 28.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went up by 20%, volume of 4 bedrooms homes went down by 12.5%, number of 5 bedrooms homes increased by 2.3%. While more than 0 listings in Old Westbury, NY in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

Related Housing Market Reports