Is Old Westbury, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Old Westbury has remained a Buyer's Market.
Key Takeaway
Old Westbury is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Westbury, NY
How much do homes in Old Westbury, NY cost?
Median Sold Price
$2,580,000
$600/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Old Westbury have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Old Westbury was $2,580,000 in May 2024, up 3.2% from last year, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $910K | $1.7M | +91.2% |
| 4 Bedrooms | $1.7M | $1.4M | -20.3% |
| 5+ Bedrooms | $2.9M | $3.0M | +3.4% |
Summary: Old Westbury 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 did not change, 3 bedroom homes increased by 91.2%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| East Hills | $1.3M | $1.5M | +18.8% |
| Brookville | $2.2M | $2.5M | +12.1% |
| Westbury | $649.8K | $710K | +9.2% |
| North Hempstead | $869K | $949K | +9.2% |
| Old Westbury | $2.5M | $2.5M | +3.2% |
Housing Supply in Old Westbury, NY
How many homes are available in Old Westbury, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Old Westbury real estate market had 45 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 35 | 41 | +17.1% |
Summary: The Old Westbury 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Westbury, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Old Westbury in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Old Westbury, NY
How long does it take to sell a home in Old Westbury, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 169 Days | 181 Days | +7.4% |
Summary: Homes in Old Westbury had an average of 181 days on market in May 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Old Westbury has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Old Westbury; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.