Is Howard Beach, 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, Howard Beach has remained a Buyer's Market.
Housing Prices in Howard Beach, NY
How much do homes in Howard Beach, NY cost?
Median Sold Price
$670,000
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Howard Beach was $670,000 in May 2024, down 6.3% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183.5K | $192.5K | +4.9% |
2 Bedrooms | $285K | $299K | +4.9% |
3 Bedrooms | $720K | $710K | -1.4% |
4 Bedrooms | $931K | $950K | +2.0% |
5+ Bedrooms | $997.4K | $1.0M | +3.8% |
Summary: Howard Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
Lindenwood | $270K | $270K | 0.0% |
Southwestern Queens | $714.1K | $690K | -3.4% |
Howard Beach | $715K | $670K | -6.3% |
Old Howard Beach | $879K | $809K | -8.0% |
Housing Supply in Howard Beach, NY
How many homes are available in Howard Beach, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 89 | +3.5% |
Summary: The Howard Beach real estate market had 89 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 16 | 14 | -12.5% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Howard Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Howard Beach in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Howard Beach, NY
How long does it take to sell a home in Howard Beach, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
182 Days | 152 Days | -16.3% |
Summary: Homes in Howard Beach had an average of 152 days on market in May 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Howard Beach; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.