Is Sparrow Bush, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Sparrow Bush has remained a Seller's Market.
Key Takeaway
Sparrow Bush is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Sparrow Bush, NY cost?
Median Sold Price
$290,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
The sold price of homes in Sparrow Bush has remained the same since last year.
Summary: The median home sold price in Sparrow Bush was $290,000 in August 2023, up 0.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $262.5K | $260.3K | -0.8% |
| 3 Bedrooms | $281.2K | $315.4K | +12.2% |
| 4 Bedrooms | $305K | - | N/A |
| 5+ Bedrooms | $340K | $175K | -48.5% |
Summary: Sparrow Bush housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 48.5%.
Median Sold Price Compared To Nearby Cities
| Deerpark | $272.5K | $280K | +2.8% |
| Sparrow Bush | $289K | $290K | 0.3% |
Housing Supply
How many homes are available in Sparrow Bush, NY?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Sparrow Bush real estate market had 11 homes for sale in August 2023, a 15.4% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Sparrow Bush housing inventory by bedroom type for August 2023 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 remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparrow Bush, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Sparrow Bush in August 2023, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market
How long does it take to sell a home in Sparrow Bush, NY?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 114 Days | 35 Days | -68.7% |
Summary: Homes in Sparrow Bush had an average of 35 days on market in Aug 2023, down by 68.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sparrow Bush are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 3 homes were sold in Sparrow Bush; 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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.