Is Sheepshead Bay, 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, Sheepshead Bay has remained a Buyer's Market.
Housing Prices in Sheepshead Bay, NY
How much do homes in Sheepshead Bay, NY cost?
Median Sold Price
$400,000
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sheepshead Bay was $400,000 in April 2024, up 3.9% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257K | $240K | -6.6% |
2 Bedrooms | $317.5K | $319.2K | +0.6% |
3 Bedrooms | $755K | $775K | +2.6% |
4 Bedrooms | $900K | $970K | +7.8% |
5+ Bedrooms | $1.2M | $1.1M | -9.2% |
Summary: Sheepshead Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
Sheepshead Bay | $385K | $400K | +3.9% |
Southern Brooklyn | $621.8K | $581.9K | -6.4% |
Housing Supply in Sheepshead Bay, NY
How many homes are available in Sheepshead Bay, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
158 | 165 | +4.4% |
Summary: The Sheepshead Bay real estate market had 165 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 38 | +15.2% |
2 Bedrooms | 63 | 64 | +1.6% |
3 Bedrooms | 38 | 37 | -2.6% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Sheepshead Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Sheepshead Bay in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Sheepshead Bay, NY
How long does it take to sell a home in Sheepshead Bay, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
97 Days | 165 Days | +69.7% |
Summary: Homes in Sheepshead Bay had an average of 165 days on market in Apr 2024, up by 69.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Sheepshead Bay; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.