Is Baldwin, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Baldwin was a Neutral Market.
Housing Prices in Baldwin, NY
How much do homes in Baldwin, NY cost?
Median Sold Price
$599,500
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baldwin was $599,500 in May 2024, up 1.4% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $225K | -23.7% |
2 Bedrooms | $412.5K | $480K | +16.4% |
3 Bedrooms | $577.5K | $585K | +1.3% |
4 Bedrooms | $610K | $615K | +0.8% |
5+ Bedrooms | $632K | $780K | +23.4% |
Summary: Baldwin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.7%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Neighborhoods
South Hempstead | $600K | $627.5K | +4.6% |
Town of Hempstead | $636.8K | $665K | +4.4% |
Baldwin | $591K | $599.5K | +1.4% |
Rockville Center | $753K | $745K | -1.1% |
Roosevelt | $555K | $530K | -4.5% |
Housing Supply in Baldwin, NY
How many homes are available in Baldwin, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 91 | +7.1% |
Summary: The Baldwin real estate market had 91 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 41 | 46 | +12.2% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Baldwin housing inventory by bedroom type for May 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 12.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Baldwin in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Baldwin, NY
How long does it take to sell a home in Baldwin, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 58 Days | -8.6% |
Summary: Homes in Baldwin had an average of 58 days on market in May 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Baldwin; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.