Is South Richmond Hill, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Richmond Hill is a buyer's market

Buyer's
Market

Difference Since November 2021

Since last year, South Richmond Hill has remained a Buyer's Market.

Key Takeaway

South Richmond Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in South Richmond Hill, NY cost?

Median Sold Price

$736,000

$455/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$70,500(+10.6%)

Key Takeaway

Homes in South Richmond Hill have sold for 10.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $550K$575K
+4.5%
3 $611K$670K
+9.7%
4 $687.5K$725K
+5.5%
5+ $887.5K$972.5K
+9.6%

Median Sold Price Compared To Nearby Cities

South Richmond Hill
+10.6%
Queens
+3.6%
New York
+3.6%

How many homes are available in South Richmond Hill, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
8179-2.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 53
-40.0%
3 2622
-15.4%
4 2525
0.0%
5+ 2529
+16.0%

Number of Homes Sold

Oct 2022Nov 2022%
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Richmond Hill, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
111 Days68 Days-38.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Richmond Hill has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About South Richmond Hill, NY

South Richmond Hill, NY has 79 homes on the market. Between October 2022 and November 2022, South Richmond Hill, NY real estate market has seen decrease in the number of listings by 2.5%. While the average time on the market in November 2022 was 68 days, the median list price was $736,000. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 4.5%, 3 bedrooms properties became 9.7% more expensive, prices of 4 bedrooms properties increased by 5.5%, 5 bedrooms properties became 9.6% more expensive. This housing market inventory have changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 40%, number of 3 bedrooms homes decreased by 15.4%, 4 bedrooms homes inventory did not change, 5 bedrooms homes became 16% more available. South Richmond Hill, NY housing market in November 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 5 sold below.

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