Is Rose Hill, 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, Rose Hill has remained a Buyer's Market.
Key Takeaway
Rose Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rose Hill, NY
How much do homes in Rose Hill, NY cost?
Median Sold Price
$2,300,000
$1,811/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rose Hill have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Rose Hill was $2,300,000 in April 2024, down 5.2% from last year, and the median price per square foot was $1,811.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | $1.5M | +26.4% |
| 2 Bedrooms | $2.7M | $2.4M | -12.1% |
| 3 Bedrooms | $4.1M | $3.9M | -3.7% |
| 4 Bedrooms | $4.8M | $11.2M | +132.0% |
| 5+ Bedrooms | $5.3M | $9.3M | +77.3% |
Summary: Rose Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 132%, and 5+ bedroom homes increased by 77.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Kips Bay | $850K | $849K | -0.1% |
| Midtown Manhattan | $1.3M | $1.2M | -4.9% |
| Rose Hill | $2.4M | $2.3M | -5.2% |
| NoMad | $4.6M | $4.2M | -9.2% |
| Koreatown | $2.3M | $1.9M | -18.1% |
Housing Supply in Rose Hill, NY
How many homes are available in Rose Hill, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 72 | +5.9% |
Summary: The Rose Hill real estate market had 72 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 24 | +9.1% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rose Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rose Hill, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Rose Hill in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Rose Hill, NY
How long does it take to sell a home in Rose Hill, NY?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rose Hill has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Rose Hill; 0% 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.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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