Is Prospect Heights, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Prospect Heights was a Buyer's Market.
Key Takeaway
Prospect Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prospect Heights, NY
How much do homes in Prospect Heights, NY cost?
Median Sold Price
$1,350,000
$1,213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Prospect Heights have sold for 8% more than they did a year ago.
Summary: The median home sold price in Prospect Heights was $1,350,000 in April 2024, up 8% from last year, and the median price per square foot was $1,213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $790K | +9.7% |
| 2 Bedrooms | $1.3M | $1.3M | +3.8% |
| 3 Bedrooms | $2.2M | $1.9M | -11.2% |
| 4 Bedrooms | $2.5M | $3.3M | +29.4% |
| 5+ Bedrooms | $3.8M | $3.0M | -21.5% |
Summary: Prospect Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Prospect Heights | $1.2M | $1.3M | +8.0% |
| Clinton Hill | $1.1M | $999K | -12.6% |
Housing Supply in Prospect Heights, NY
How many homes are available in Prospect Heights, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 44 | -8.3% |
Summary: The Prospect Heights real estate market had 44 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Prospect Heights 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 decreased by 7.7%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prospect Heights, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Prospect Heights in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Prospect Heights, NY
We’re sorry, we don't have information for this market at the moment
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