Is Floral Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Floral Park has remained a Buyer's Market.
Housing Prices in Floral Park, NY
How much do homes in Floral Park, NY cost?
Median Sold Price
$678,333
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Floral Park was $678,333 in April 2024, down 2.7% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $334K | +11.3% |
2 Bedrooms | $572.5K | $548.5K | -4.2% |
3 Bedrooms | $725K | $725K | 0.0% |
4 Bedrooms | $760K | $812.5K | +6.9% |
5+ Bedrooms | $925K | $935K | +1.1% |
Summary: Floral Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Stewart Manor | $731K | $780K | +6.7% |
New Hyde Park | $780K | $817K | +4.7% |
Bellerose | $707.5K | $707.5K | 0.0% |
Floral Park | $697.2K | $678.3K | -2.7% |
Housing Supply in Floral Park, NY
How many homes are available in Floral Park, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
157 | 177 | +12.7% |
Summary: The Floral Park real estate market had 177 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 54 | 63 | +16.7% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 42 | 43 | +2.4% |
4 Bedrooms | 30 | 36 | +20.0% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Floral Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 13 | -23.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Floral Park in April 2024, down by 23.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Floral Park, NY
How long does it take to sell a home in Floral Park, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 59 Days | +0.6% |
Summary: Homes in Floral Park had an average of 59 days on market in Apr 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Floral Park; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.