Is Selden, 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, Selden was a Seller's Market.
Housing Prices in Selden, NY
How much do homes in Selden, NY cost?
Median Sold Price
$500,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Selden was $500,000 in March 2024, up 7.5% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.5K | $399.9K | +52.4% |
2 Bedrooms | $377.5K | $410K | +8.6% |
3 Bedrooms | $450K | $487.5K | +8.3% |
4 Bedrooms | $505K | $532.5K | +5.4% |
5+ Bedrooms | $545K | $570K | +4.6% |
Summary: Selden housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.4%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
Centereach | $501.3K | $540K | +7.7% |
Selden | $465K | $500K | +7.5% |
Terryville | $500K | $536K | +7.2% |
Farmingville | $500K | $525K | +5.0% |
Coram | $420K | $435K | +3.6% |
Housing Supply in Selden, NY
How many homes are available in Selden, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 63 | +10.5% |
Summary: The Selden real estate market had 63 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Selden 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Selden in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for Selden, NY
How long does it take to sell a home in Selden, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 30 Days | -17.6% |
Summary: Homes in Selden had an average of 30 days on market in Mar 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Selden; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.