Is Springfield Gardens, 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, Springfield Gardens has remained a Buyer's Market.
Housing Prices in Springfield Gardens, NY
How much do homes in Springfield Gardens, NY cost?
Median Sold Price
$772,500
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springfield Gardens was $772,500 in April 2024, up 1.6% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | - | N/A |
2 Bedrooms | $459.5K | $523K | +13.8% |
3 Bedrooms | $655K | $685K | +4.6% |
4 Bedrooms | $786K | $712.5K | -9.4% |
5+ Bedrooms | $897.5K | $1.0M | +14.2% |
Summary: Springfield Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
Brookville | $660K | $700K | +6.1% |
Southeastern Queens | $650K | $664.5K | +2.2% |
Springfield Gardens | $760K | $772.5K | +1.6% |
Rochdale | $691.4K | $675K | -2.4% |
Housing Supply in Springfield Gardens, NY
How many homes are available in Springfield Gardens, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 66 | +3.1% |
Summary: The Springfield Gardens real estate market had 66 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Springfield Gardens 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Springfield Gardens in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Springfield Gardens, NY
How long does it take to sell a home in Springfield Gardens, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
106 Days | 69 Days | -34.7% |
Summary: Homes in Springfield Gardens had an average of 69 days on market in Apr 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Springfield Gardens; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.