Is Port Washington, 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, Port Washington was a Seller's Market.
Key Takeaway
Port Washington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Washington, NY
How much do homes in Port Washington, NY cost?
Median Sold Price
$1,062,500
$522/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Washington have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Port Washington was $1,062,500 in May 2024, up 6.8% from last year, and the median price per square foot was $522.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $415K | N/A |
| 2 Bedrooms | $680K | $557.5K | -18.0% |
| 3 Bedrooms | $968K | $999K | +3.2% |
| 4 Bedrooms | $1.2M | $1.3M | +8.5% |
| 5+ Bedrooms | $1.5M | $1.5M | +1.9% |
Summary: Port Washington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Town of North Hempstead | $865.7K | $945.9K | +9.3% |
| Port Washington | $994.4K | $1.0M | +6.8% |
Housing Supply in Port Washington, NY
How many homes are available in Port Washington, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 57 | +35.7% |
Summary: The Port Washington real estate market had 57 homes for sale in May 2024, a 35.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 9 | 17 | +88.9% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Port Washington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Washington, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Port Washington in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Port Washington, NY
How long does it take to sell a home in Port Washington, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 13 Days | -81.6% |
Summary: Homes in Port Washington had an average of 13 days on market in May 2024, down by 81.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Washington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Port Washington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.