Is Floral Park, 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, Floral Park was a Neutral Market.
Housing Prices in Floral Park, NY
How much do homes in Floral Park, NY cost?
Median Sold Price
$764,500
$534/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Floral Park was $764,500 in May 2024, up 1.9% from last year, and the median price per square foot was $534.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.5K | $255K | +3.0% |
2 Bedrooms | $390K | $373K | -4.4% |
3 Bedrooms | $770K | $756K | -1.8% |
4 Bedrooms | $810K | $842.5K | +4.0% |
5+ Bedrooms | $984.5K | $1.0M | +4.1% |
Summary: Floral Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Neighborhoods
Town of North Hempstead | $865.7K | $945.9K | +9.3% |
North New Hyde Park | $775K | $799.5K | +3.2% |
Floral Park | $750K | $764.5K | +1.9% |
Northeastern Queens | $730.7K | $722.2K | -1.2% |
Glen Oaks | $375K | $350K | -6.7% |
Housing Supply in Floral Park, NY
How many homes are available in Floral Park, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 66 | 0.0% |
Summary: The Floral Park real estate market had 66 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Floral Park 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 remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Floral Park in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 43 Days | -33.4% |
Summary: Homes in Floral Park had an average of 43 days on market in May 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Floral Park; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.