Is Plainedge, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Plainedge was a Buyer's Market.
Key Takeaway
Plainedge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plainedge, NY
How much do homes in Plainedge, NY cost?
Median Sold Price
$646,500
$410/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Plainedge have sold for 6% more than they did a year ago.
Summary: The median home sold price in Plainedge was $646,500 in March 2024, up 6% from last year, and the median price per square foot was $410.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $285K | +11.8% |
| 2 Bedrooms | $452.5K | $532.5K | +17.7% |
| 3 Bedrooms | $572.5K | $643K | +12.3% |
| 4 Bedrooms | $672.5K | $680K | +1.1% |
| 5+ Bedrooms | $692.5K | $652.5K | -5.8% |
Summary: Plainedge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Plainedge | $610K | $646.5K | +6.0% |
| South Farmingdale | $600K | $629K | +4.8% |
| North Massapequa | $645K | $670K | +3.9% |
| Bethpage | $652.5K | $675K | +3.4% |
| Levittown | $600K | $620K | +3.3% |
Housing Supply in Plainedge, NY
How many homes are available in Plainedge, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Plainedge real estate market had 13 homes for sale in March 2024, a 13.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Plainedge 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 decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plainedge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Plainedge in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Plainedge, NY
How long does it take to sell a home in Plainedge, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 16 Days | -73.6% |
Summary: Homes in Plainedge had an average of 16 days on market in Mar 2024, down by 73.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plainedge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Plainedge; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.