Is Port Washington, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Port Washington was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $640K | $385K | -39.8% |
2 Bedrooms | $710K | $642.5K | -9.5% |
3 Bedrooms | $985.6K | $997K | +1.2% |
4 Bedrooms | $1.2M | $1.3M | +10.0% |
5+ Bedrooms | $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 | $998.8K | $1.0M | +5.1% |
Town of North Hempstead | $889.1K | $908.1K | +2.1% |
Housing Supply in Port Washington, NY
How many homes are available in Port Washington, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 | 37 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 18 | 13 | -27.8% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 5 | 4 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 12 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
60 Days | 62 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
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.