Is Southeast, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southeast has remained a Buyer's Market.
Housing Prices in Southeast, NY
How much do homes in Southeast, NY cost?
Median Sold Price
$477,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeast was $477,000 in April 2024, up 12.2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $291.5K | $325K | +11.5% |
2 Bedrooms | $360K | $377K | +4.7% |
3 Bedrooms | $475K | $526.2K | +10.8% |
4 Bedrooms | $599.5K | $666.5K | +11.2% |
5+ Bedrooms | $630K | $830K | +31.7% |
Summary: Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 31.7%.
Housing Supply in Southeast, NY
How many homes are available in Southeast, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 80 | +19.4% |
Summary: The Southeast real estate market had 80 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 20 | 30 | +50.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Southeast in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Southeast, NY
How long does it take to sell a home in Southeast, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 36 Days | -46.2% |
Summary: Homes in Southeast had an average of 36 days on market in Apr 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Southeast; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.