Is East Williamsburg, 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, East Williamsburg has remained a Buyer's Market.
Key Takeaway
East Williamsburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Williamsburg, NY
How much do homes in East Williamsburg, NY cost?
Median Sold Price
$1,210,000
$1,276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Williamsburg have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in East Williamsburg was $1,210,000 in May 2024, down 1.2% from last year, and the median price per square foot was $1,276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $772.5K | $935K | +21.0% |
| 2 Bedrooms | $1.4M | $1.2M | -14.0% |
| 3 Bedrooms | $1.7M | $2.1M | +18.3% |
| 4 Bedrooms | $2.0M | $1.7M | -17.3% |
| 5+ Bedrooms | $2.2M | $2.2M | +3.4% |
Summary: East Williamsburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 18.3%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenpoint | $1.4M | $1.5M | +11.4% |
| Ridgewood | $1.0M | $1.1M | +7.3% |
| Northern Brooklyn | $1.2M | $1.2M | -0.7% |
| East Williamsburg | $1.2M | $1.2M | -1.2% |
| Maspeth | $900K | $848K | -5.8% |
Housing Supply in East Williamsburg, NY
How many homes are available in East Williamsburg, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 | 101 | -4.7% |
Summary: The East Williamsburg real estate market had 101 homes for sale in May 2024, a 4.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 30 | -9.1% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The East Williamsburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Williamsburg, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in East Williamsburg in May 2024, up by 75.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 86% were sold at asking, and 0% were sold over asking.
Days on Market for East Williamsburg, NY
How long does it take to sell a home in East Williamsburg, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 26 Days | -51.8% |
Summary: Homes in East Williamsburg had an average of 26 days on market in May 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Williamsburg are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in East Williamsburg; 7% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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