Is Dyker Heights, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dyker Heights has remained a Buyer's Market.
Key Takeaway
Dyker Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dyker Heights, NY
How much do homes in Dyker Heights, NY cost?
Median Sold Price
$1,229,000
$699/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dyker Heights have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Dyker Heights was $1,229,000 in May 2024, down 4.9% from last year, and the median price per square foot was $699.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412.5K | $347.5K | -15.8% |
| 2 Bedrooms | $557.5K | $850K | +52.5% |
| 3 Bedrooms | $1.0M | $1.1M | +3.8% |
| 4 Bedrooms | $1.4M | $1.1M | -18.9% |
| 5+ Bedrooms | $1.4M | $1.6M | +12.7% |
Summary: Dyker Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes increased by 52.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Bay Ridge | $978.3K | $985K | +0.7% |
| New Utrecht | $1.0M | $996.6K | -3.2% |
| Dyker Heights | $1.2M | $1.2M | -4.9% |
| Bensonhurst | $1.2M | $1.1M | -9.3% |
| Fort Hamilton | $610K | $499.5K | -18.1% |
Housing Supply in Dyker Heights, NY
How many homes are available in Dyker Heights, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 49 | -3.9% |
Summary: The Dyker Heights real estate market had 49 homes for sale in May 2024, a 3.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Dyker Heights 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 decreased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dyker Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Dyker Heights in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Dyker Heights, NY
How long does it take to sell a home in Dyker Heights, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 75 Days | +64.3% |
Summary: Homes in Dyker Heights had an average of 75 days on market in May 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Dyker Heights has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Dyker Heights; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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