Is Port Washington, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Washington is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Port Washington was a Buyer's Market.

Key Takeaway

Port Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Port Washington, NY

How much do homes in Port Washington, NY cost?

Median Sold Price

$1,050,000

$521/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$51,112(+5.1%)

Key Takeaway

Homes in Port Washington have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Port Washington was $1,050,000 in February 2024, up 5.1% from last year, and the median price per square foot was $521.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $640K$385K
-39.8%
2 $710K$642.5K
-9.5%
3 $985.6K$997K
+1.2%
4 $1.2M$1.3M
+10.0%
5+ $1.5M$1.4M
-5.2%

Summary: Port Washington housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.8%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Neighborhoods

Port Washington
+5.1%
Town of North Hempstead
+2.1%

Housing Supply in Port Washington, NY

How many homes are available in Port Washington, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4637-19.6%

Summary: The Port Washington real estate market had 37 homes for sale in February 2024, a 19.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 75
-28.6%
3 1813
-27.8%
4 1312
-7.7%
5+ 54
-20.0%

Summary: The Port Washington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Washington, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Port Washington in February 2024, down by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for Port Washington, NY

How long does it take to sell a home in Port Washington, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
60 Days62 Days+4.6%

Summary: Homes in Port Washington had an average of 62 days on market in Feb 2024, up by 4.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Port Washington has remained consistent over time.

Summary: During February 2024, 12 homes were sold in Port Washington; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Port Washington, NY

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