Is Woodmere, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Woodmere was a Seller's Market.
Housing Prices in Woodmere, NY
How much do homes in Woodmere, NY cost?
Median Sold Price
$950,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Woodmere was $950,000 in March 2024, down 4.5% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $184.5K | $175K | -5.1% |
2 Bedrooms | $410K | $265K | -35.4% |
3 Bedrooms | $750K | $840K | +12.0% |
4 Bedrooms | $950K | $950K | 0.0% |
5+ Bedrooms | $1.2M | $1.2M | +2.9% |
Summary: Woodmere housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 35.4%, 3 bedroom homes increased by 12%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
Hewlett | $620K | $659K | +6.3% |
Southeastern Queens | $650K | $659.9K | +1.5% |
Rosedale | $668K | $672.5K | +0.7% |
Woodmere | $995K | $950K | -4.5% |
Housing Supply in Woodmere, NY
How many homes are available in Woodmere, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 61 | +10.9% |
Summary: The Woodmere real estate market had 61 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Woodmere housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Woodmere in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Woodmere, NY
How long does it take to sell a home in Woodmere, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 70 Days | +21.6% |
Summary: Homes in Woodmere had an average of 70 days on market in Mar 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Woodmere; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.