Is New City, 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, New City was a Seller's Market.
Key Takeaway
New City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New City, NY
How much do homes in New City, NY cost?
Median Sold Price
$706,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New City have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in New City was $706,000 in May 2024, up 7.2% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $334.5K | $317.5K | -5.1% |
| 2 Bedrooms | $378.3K | $474K | +25.3% |
| 3 Bedrooms | $530K | $570K | +7.5% |
| 4 Bedrooms | $678K | $705K | +4.0% |
| 5+ Bedrooms | $825K | $866.2K | +5.0% |
Summary: New City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| New City | $658.6K | $706K | +7.2% |
| Clarkstown | $600K | $637.2K | +6.2% |
| New Hempstead | $802K | $840K | +4.7% |
Housing Supply in New City, NY
How many homes are available in New City, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 103 | 135 | +31.1% |
Summary: The New City real estate market had 135 homes for sale in May 2024, a 31.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 40 | 61 | +52.5% |
| 5+ Bedrooms | 32 | 39 | +21.9% |
Summary: The New City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 52.5%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New City, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in New City in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for New City, NY
How long does it take to sell a home in New City, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -20.0% |
Summary: Homes in New City had an average of 27 days on market in May 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in New City; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.