Is Farmingdale, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Farmingdale was a Seller's Market.
Housing Prices in Farmingdale, NY
How much do homes in Farmingdale, NY cost?
Median Sold Price
$610,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Farmingdale was $610,000 in April 2024, up 7.2% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $272.5K | +2.8% |
2 Bedrooms | $444.5K | $450K | +1.2% |
3 Bedrooms | $590K | $611.5K | +3.7% |
4 Bedrooms | $600K | $640K | +6.7% |
5+ Bedrooms | $650.5K | $668K | +2.7% |
Summary: Farmingdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Farmingdale | $569K | $610K | +7.2% |
Farmingdale | $569K | $610K | +7.2% |
Oyster Bay | $729.2K | $764.7K | +4.9% |
Housing Supply in Farmingdale, NY
How many homes are available in Farmingdale, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 113 | +13.0% |
Summary: The Farmingdale real estate market had 113 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 25 | +4.2% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 23 | 30 | +30.4% |
4 Bedrooms | 39 | 42 | +7.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Farmingdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Farmingdale in April 2024, down by 28.6% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% were sold over asking.
Days on Market for Farmingdale, NY
How long does it take to sell a home in Farmingdale, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 18 Days | -69.5% |
Summary: Homes in Farmingdale had an average of 18 days on market in Apr 2024, down by 69.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Farmingdale; 93% 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.