Is Woodmere, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Woodmere was a Buyer's Market.
Housing Prices in Woodmere, NY
How much do homes in Woodmere, NY cost?
Median Sold Price
$962,500
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Woodmere was $962,500 in April 2024, down 2.3% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $184.5K | $175K | -5.1% |
2 Bedrooms | $400K | $320K | -20.0% |
3 Bedrooms | $770K | $835K | +8.4% |
4 Bedrooms | $950K | $957.5K | +0.8% |
5+ Bedrooms | $1.2M | $1.2M | +2.0% |
Summary: Woodmere housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
Hewlett | $616.5K | $659K | +6.9% |
Southeastern Queens | $650K | $664.5K | +2.2% |
Rosedale | $674.7K | $675K | 0.0% |
South Valley Stream | $772.5K | $760K | -1.6% |
Woodmere | $985K | $962.5K | -2.3% |
Housing Supply in Woodmere, NY
How many homes are available in Woodmere, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Summary: The Woodmere real estate market had 69 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The Woodmere housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Woodmere in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Woodmere, NY
How long does it take to sell a home in Woodmere, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 82 Days | -22.0% |
Summary: Homes in Woodmere had an average of 82 days on market in Apr 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Woodmere; 10% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.