Is Parkchester, 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, Parkchester has remained a Buyer's Market.
Housing Prices in Parkchester, NY
How much do homes in Parkchester, NY cost?
Median Sold Price
$210,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Parkchester was $210,000 in April 2024, up 5% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $186K | 0.5% |
2 Bedrooms | $240K | $245K | +2.1% |
3 Bedrooms | $307K | $293.7K | -4.3% |
4 Bedrooms | $620K | $435K | -29.8% |
5+ Bedrooms | $800K | $880K | +10.0% |
Summary: Parkchester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Neighborhoods
Parkchester | $200K | $210K | +5.0% |
Morris Park | $775K | $770K | -0.6% |
Van Nest | $732K | $710K | -3.0% |
Housing Supply in Parkchester, NY
How many homes are available in Parkchester, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 78 | +2.6% |
Summary: The Parkchester real estate market had 78 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 32 | 0.0% |
2 Bedrooms | 33 | 33 | 0.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Parkchester 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Parkchester in April 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Parkchester, NY
How long does it take to sell a home in Parkchester, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 119 Days | +26.4% |
Summary: Homes in Parkchester had an average of 119 days on market in Apr 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Parkchester; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.