Is Middle Village, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middle Village is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Middle Village was a Neutral Market.

Key Takeaway

Middle Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Middle Village, NY

How much do homes in Middle Village, NY cost?

Median Sold Price

$870,000

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$9,444(-1.1%)

Key Takeaway

Homes in Middle Village have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Middle Village was $870,000 in May 2024, down 1.1% from last year, and the median price per square foot was $542.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $387.5K$418.7K
+8.1%
2 $610K$707.5K
+16.0%
3 $860K$865K
+0.6%
4 $957.5K$994.9K
+3.9%
5+ $1.1M$1.1M
-1.1%

Summary: Middle Village housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Neighborhoods

Rego Park
+5.7%
Glendale
+3.0%
Middle Village
-1.1%
Maspeth
-5.8%
Elmhurst
-19.2%

Housing Supply in Middle Village, NY

How many homes are available in Middle Village, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
152158+3.9%

Summary: The Middle Village real estate market had 158 homes for sale in May 2024, a 3.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1313
0.0%
2 2426
+8.3%
3 5959
0.0%
4 2424
0.0%
5+ 3236
+12.5%

Summary: The Middle Village 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 increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2117-19.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middle Village, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Middle Village in May 2024, down by 19.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for Middle Village, NY

How long does it take to sell a home in Middle Village, NY?

Average Sale Time

May 2023May 2024CHANGE
101 Days70 Days-30.3%

Summary: Homes in Middle Village had an average of 70 days on market in May 2024, down by 30.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Middle Village are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 17 homes were sold in Middle Village; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Middle Village, NY

Nearby Markets to Middle Village, NY