Is South Slope, 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, South Slope has remained a Buyer's Market.
Key Takeaway
South Slope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Slope, NY
How much do homes in South Slope, NY cost?
Median Sold Price
$1,610,000
$1,180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Slope have sold for 15% more than they did a year ago.
Summary: The median home sold price in South Slope was $1,610,000 in April 2024, up 15% from last year, and the median price per square foot was $1,180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $735K | $778.2K | +5.9% |
| 2 Bedrooms | $1.2M | $1.2M | -3.2% |
| 3 Bedrooms | $1.9M | $1.8M | -6.0% |
| 4 Bedrooms | $2.8M | $2.7M | -4.1% |
| 5+ Bedrooms | $3.5M | $3.1M | -11.3% |
Summary: South Slope housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South Slope | $1.4M | $1.6M | +15.0% |
| South Brooklyn | $1.5M | $1.6M | +1.7% |
| Park Slope | $1.5M | $1.5M | +0.6% |
| Windsor Terrace | $1.1M | $1.1M | 0.0% |
Housing Supply in South Slope, NY
How many homes are available in South Slope, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 75 | +2.7% |
Summary: The South Slope real estate market had 75 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The South Slope housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Slope, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in South Slope in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 86% were sold at asking, and 0% were sold over asking.
Days on Market for South Slope, NY
How long does it take to sell a home in South Slope, 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 South Slope has remained consistent over time.
Summary: During April 2024, 7 homes were sold in South Slope; 0% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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