Is South Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, South Park has remained a Seller's Market.
Housing Prices in South Park, NY
How much do homes in South Park, NY cost?
Median Sold Price
$210,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Park was $210,000 in March 2024, up 20% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $150K | $180K | +20.0% |
3 Bedrooms | $176K | $195K | +10.8% |
4 Bedrooms | $209.7K | $201.5K | -3.9% |
5+ Bedrooms | $265K | $240K | -9.4% |
Summary: South Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
Triangle | $141.2K | $170K | +20.4% |
South Park | $175K | $210K | +20.0% |
Abbott McKinley | $207.4K | $201K | -3.1% |
Housing Supply in South Park, NY
How many homes are available in South Park, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The South Park real estate market had 15 homes for sale in March 2024, a 11.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Park 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 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in South Park in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for South Park, NY
How long does it take to sell a home in South Park, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
4 Days | 40 Days | +757.1% |
Summary: Homes in South Park had an average of 40 days on market in Mar 2024, up by 757.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in South Park; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.